Triangle Petroleum Earnings 3Q14

TPLM press release:

• increased quarterly sales volumes to 626 Mboe (+390% y/y, 6,804 Boepd) as compared to 128 Mboe (1,389 Boepd) in the same period in Q3 fiscal 2013
• increased consolidated sales to $88.5 million (+316% y/y) as compared to $21.3 million in the same period in Q3 fiscal 2013
• increased consolidated net income to $17.4 million, or $0.22 basic EPS (adjusted net income of $15.2 million, or $0.19 adjusted basic EPS)

Earnings lag; revenues beat; guidance -- increased production. 

Yes, this is 3Q14: I brought this up before and was told by Triangle that is correct. They are in their fiscal year 2014, and this is already their 3rd quarter.

Presentation at their website. Slide 7, December, 2013, presentation: incredibly good acreage.