OAS Reports Spectacular Numbers

"Spectacular" is in the eye of the beholder. Not all will agree with me. I haven't gone through the current corporate presentation.

Too much to catch up on, but here is the press release.

• Grew average daily production to 4,461 boepd, a 240% increase over 2Q2009; a sequential increase of 35% over 1Q2010
• Increased adjusted EBITDA of $17.4 million fpr 2Q2010, an increase of $14.4 million over 2Q2009
• Completed IPO of 30.37 million primary shares; total basic shares outstanding are 92 million
• Repaid the entire $75 million of borrowing unders its Amended Credit Facility