Based on the favorable results achieved in the Company's core areas, Rosetta is increasing the full year 2014 production guidance range to 63 - 66 MBoe/d, from 60 - 65 MBoe/d. The new target range midpoint represents approximately 30 percent year-over-year production growth. The average oil ratio is expected to be approximately 30 percent in 2014 with total liquids estimated at 63 percent.
We will be sending out an updated profile on Rosetta Resources (ROSE) on Monday, September 8.
ROSE is in our Small-Cap Growth Portfolio.