RE: RE: RE: Presentation - Recoverable GasThe project is very early stage and to get that "blue sky number" alot of drilling would be needed.
At this point of time, the reserve engineers would give only a fraction of that number. PXM and BUK will want to prove up alot more reserves before they even think about selling. Both companies could be taken out though...but for a much bigger SP than present -heres hoping!
Whatever Utility owns the gas-fired plant nearby with "unused capacity" sure would be a candidate to buy these juniors!
Condensate sells almost at the price of light crude. In Edmonton its in big demand because it is used as a diluent (thinner) to move all tar sands production down the pipelines to the refinery. Liquids (Pentanes/Butanes) are also very valuable but prices recieved can vary depending on local usuage.
BIgbadun'