Updated ARD Q4'06 Estimates for Revenues, Net Income and EPS

Production: 325,000 BOE
Average Price per BOE: $49.73
Revenue: $16,162,250
Net Profit Margin: 36%
Net Income: $5,818,410
Shares Fully Diluted: 15,900,000
EPS: $0.36 (Analyst Consensus: $0.49)
Year Ago Q4 EPS: $0.22

FY2006 EPS: $1.56
ARD Closing Share Price: $38.27
P/E ttm: 24.5