RE:note from Ian Habke about Magallanes"We are in discussion with YPF/Sipetrol regarding opportunities to extend our plant contract or increase our plant capacity to meet their increased demands".
My thoughts are that if YPF/SIP decides to put new production through our plant they will extend the contract AND expand the plant. The contract would be extended to protect production at $7.50 for many years.
Something to keep in mind is that if we drill and find production offshore we would use up newly build capacity. Could YPF buy our property to hold back possible production and in return give us the nod to partner in the new Plant.