Question for experts?2 points that I dont understand. Maybe you can help me ......
1) "This facility is designed to handle up to 30 million cubic feet of gas production per day"
Why they limit their facility to 30MMcf if they think they can produce more natural gas from other wells (the 5 others well they plan to drill in few months) ? The addition of the 4 wells had an IP of over 30MMcf per day. This doesn't make sense to me....... Very weird......
2) "the first two Sidewinder wells tied into the facility are currently between 6 - 12 million cubic feet of gas per day"
Let's say 9MMcf. Why the 2 first wells produce only 9MMcf per day when they say few months ago the 2 first well were producing at around 15MMcf per day ? Why such big difference
Were they lying to us ? Like they try to hide the bad result they had with cheal in the past ?
I really begin to doubt management credibility....
I hesitate to sell my position because I begin to not trust the management.
Is somebody can enlighten me ?