RE:Attachie won't make a dime for 10 Years time. Sounds to me as though you view ARX as a poor investment idea. You should probably sell and move on to a company you can believe in...
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MyHoneyPot - what do you think the investment has been in Kakwa Infastrucutre to get it to the mature and stable point its at today. Likely north of 3 billion dollars.
Example of a Production 40,000 boe gas plant POU has at Karr (53% Liquids) Karr now has 150 million cubic feet per day of total raw sour gas handling capacity, including 70 MMcf/d of sour raw gas processing, 30,000 Bbl/d of raw hydrocarbon liquids handling capacity, 2,200 Bbl/d of natural gas liquids recovery, and 28,000 Bbl/d of water handling capacity.
Thants the kind of plant you need to build to handle 40,000 boe of high liquids production. The plant that they are builiding in the Attachie plan only has 90 million cubic feet per day of processing.
What will Attachie be able to produce, my guess is 20,000 boe once it is up and running, 20,000 boe a day in maybe 3 years time. When will you get you 600,000 million dollars back, maybe six-ten years from now.
Attachie is just robbing share holders of any kind of near term gains, while the stock is in the toliet, and the dividend is measly.
ARC has twice the deliverable capacity sitting idle at Kakwa, and management has left is idle. Is that a 1.2 billion investment in infastruture that is being left to sit idle?
600 million is only the starting pont, get your wallet out ARC - Water disposal
- Field compression
- Liquids handling
- Dehydration
- Processng Capacity
Ask management rather than kill the messanger!!!
When will the planned 600 million investment + what ever they have alread invested, Pay it first RED cent back to SHAREHOLDERS, after the initial capital investment, and inverest is paid back.
I know it is in Red, that because Attachie will be in the Red forever.
10 years from now is my guess, if the moons align correctly.
Liquids Rich - Money Pit
They already have a Top Ranked play north america wide that more than 3 billion in infastructure has been invested over 12 or more years.
Attachie will never make any money soon, and the ARC share price is closing in on the price of bathroom tissue.
IMHO [/quote]