In version #2, there was too much water in the pan. It is supposed to be like a "bain Marie", bathing the sides of the ramakin or custard cup and gently heating the egg to perfection. If you really want to do it correctly, preheat oven to 400 degrees F. Place the custard cup containg the egg in a baking pan. Place baking pan on middle rack of oven. Pour boiling water in the baking pan carefully so as not to get any water in the custard cup. Bake for 10 minutes. ( this is method is especially good if you want to make a large quantity of poached eggs but works just as well on a singleton with an appropriately sized pan).
I like this method because you don't have to babysit the darned thing! You can then concentrate on other things like:
A)reading the rest of the paper
B)drinking a cup of coffee
C)preparing the rest of an awesome breakfast
Piece of toast, anyone?
Amy