Revenue should be in excess of 100 million  in 2013.  So, no, I do not agree that TPL is far from being profitable.  TPL is on record that it is producing 4000 b/o per day so this is what is happening now, not in the future.  If you just look at the Q3 financials, one would have no idea what has transpired in the last 5 months   including the 60 million to TPL for the farm-in.  Q4 financials should be interesting  because there will also be a siginficant increase in production from the first 9 months of 2012.  The gas price increase obvioulsy won't show in Q4 results either but it has happened.  There gas production has been minimal to date because of pricew but this will now increase.  This gas is not deep and it is cheap and easy to produce  - the cost to produce is cheap.