GREY:STTYF - Post by User
Comment by
carinthianon Aug 08, 2013 6:15am
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Post# 21656147
RE:RE:Quiet
RE:RE:Quiet
They are the third largest "producer" of water. ;-)
I guess the problem is not that TBD is not producing, the problem is that the level of production has to get to an economic level?
And if I quadruple the 225k mcf we have 900k mcf which is less than 20% of what SND expected in their presentation (when there was one) as far as I can remember?
With natural gas a little above 3 dollar 900k mcf would be seomething like 600.000 dollar SND can reach? I am not sure if this can cover G&A expenses?
Please do not mistake, I do not want to bash it is just that TBD seems to have problems getting their production rate up.
I would love to see that all three streams get up an start bringing some cash to SND but at the moment the question is IF certain things can be achieved and not WHEN they will be achieved...
Just my personal thoughts. DYODD.
carinthian