MOU with Medcoenergy Re: August 22 2013 and Nov 29 2011 press releases.
Is tcf.v getting some gas sales from the dewatering process? While historic communication would indicate yes, I'm going to assume no. Or it amounts to nothing.
159liters in a barrel, 3000 bbl/day. 477 000L/day. 86400 min/day. 5.5L/min
I dunno, lets assume 1kwh to run the pump.
For 1kwh, 0.00798 Mcf of gas is needed.
0.00798 mcf x 24h = 0.19mcf of gas needed daily. $6/mcf. $1.149/day. About $34/month. YEHAW.
The heck with you Exxon!!
Person averages 3L/day consumption. Thats potable water for roughly 160 000 people.
Prabumulih is the city close to tcf.v's Sekayu wells. Population is roughly 132 000 people. Would they pipe (what pipe?) or truck potable water to Prabumulih or smaller surrounding village/communities in the area? I kind of doubt it, but that's alot of potable water.
If they are providing it I hope they're ensuring it's safety/potability along the chain of custody.
Lets say we get 1cent/L. $1600 x 30days/month= $48000. Actually I'm surprised, that's actually something (well not per share it isn't)
Cut it in half, do 1/2cent/L. $24000/month.
Can tcf.v sell water?? I'll assume not. I'll assume different rights required. Boo.
Odd that they specifically mention potable quality water though.
I'll also assume $24000/month costs to hold, transport, etc the water.
There that feels more like 4cents/share. Can't sell it, and even if we could the cost to transport would eat all profit.
Could generate good will.
News release used the wording "the well" so that's one well. June presentation talks of dewatering wells 02, 03, and 04 to determine 5 well production site