RE:RE:RE:Great Quarter..Net earnings of $1.6 million and strategic reMakes a lot of sense.
It also makes sense that the buyer will be one of their gas processing customers.
Net margins have increased 4 fold to $0.21 per mcf processed, from $0.05 last year.
Its now a very attractive asset for these gas producers,as it is the only one in this province of Argentina.
One could hazard a guess, somewhere above $20 million would not be unreasonable.
The 2P reserves should at least double that.
Had consolidation already occurred, cash flows in Q1 would have been $0.16 per share on an annual basis which is easily a $1 price.
NB dumped nearly 5 million this morning which has kept the price down.
Otherwise, not much else for sale.
Haywood is still loading up so they might be doing the financing.