RE:RE:RE:Looking at the big picture
Cosmicac, that was what the plant was supposed to do. However 9-3 is giving them problems and for some reason is not "latching" on properly. I believe they continue to take 9-3 off, then they put it back on, and this is why we see up trends in the production. It's not maintaining this pressure so this is why they bring it down.
Remember Steve said 9-3 was producing 7-10 mw "when achieving a well head pressure necessary for the operating pressure of the plant." It's not achieving/maintaining this pressure! Will this get fixed, perhaps in time, but they need more time, and they had to go forward with the stabilization and 7 day performance test before the 20 day wash begins.
Did you notice that no one mentioned the 59-63 mw net number in the the last C.C? Seems a bit strange since it's been all about the remediation in the last year. No mention of the 9-14 additional mw either?
They mentioned 7-10 mw per well which is essentially 4-10mw of additonal flow for the entire remediation. I think most of us put this together, but I'm trying to make my point that those are old numbers and mean nothing. 9-3 should produce 7-10 but again it's not cooperating. I'm not sure what the plan is to fix this. But this puts us below 55 mw net and I'm not sure what this means going forward. A sale is still likely but at what price.
I can't see it going anywhere close to the 440 million dollar range as you suggest. Not with what we a producing. I think we are about 7 million lower than originally thought by management as far as earnings and EBITDA will be adjusted accordingly.
We produced 41.7 mw (net) in October, 40.69 mw (net) in November and 41.39 mw (net) in December. If you remember we where showing 46-47 mw (gross) virtually that entire time on the Nic. Board. So what do you think our net production will be if we are averaging 57 mw on the Nic. board now?
Mark