RE:YES, They might just lock in the Gas with zero production There are limits to how much you can lock in, and it is not a zero cost strategy. It would slow down the size of the accumulating gas flow defict from the IKM assets. But how much? and it is still kore opearing deficit and more debt to show to investrors you need to woo.
And the plan is nothing without developing the properties. Sure, you can "capitilize" those away from the accumulating operating cash flow deficit (as this developmenting work grows the debt).
AND you have to draw that new gas production and sell it for some length of time (more negative cas flow). And then what, you lock that down too? Which is still growing the accunulating negative cash flow from operations....
I know Alfred is a good salesman, but....