GASX | Latest interview with Serafino Iacono Dear all,
Here the newest interview with Serafino Iacono from June 30th - it´s getting a little bit more into the interesting details:
Natural Gas: The Key To The Green Revolution - The Daily Dive ft Serafino Iacono - YouTube
https://www.youtube.com/watch?v=iM6J7H_-N00
Here my transcript of a very interesting part of that interview, starting from Minute 10:12 to Minute 12:17:
Q (Cassandra): "What kind of timeline can we expect for production and revenue generation?"
A (Serafino): "OK, we got to again because of the pandemic, we got a little bit a side track and delays for example the pipeline which are special pipelines to build had a two months delivery delay from the United States because the ports were closed in the U.S.
There were no transportation - and the pipes come from the U.S.
But everything is in place in the country, we already started building the first seven kilometers. We are waiting for community relation permits which should be coming in the next 60 days for us to be ready in the meantime we are going to start building a 15 kilometer pipeline, it´s vey, it takes nothing, it´s just tobacco and just doing a trench.
And we are constructing as we speak the facilities - so that the facility that will do the cleaning and the separation of the liquids from the natural gas and the water purification - that´s being guild as we speak.
We feel that by the end of August we will be in operation and ready to be delivering gas to our customers were we already have "take or pay contracts" in there areas that will start generating revenue immediately.
If we figure that we start September delivering, we are gonna have September to December - so three months. But we are gonna be producing net to us 15 mio cubic feet of gas a day which means it´s about a 5 dollars, it´s abot eightythousand dollars a day of EBITDA net and abot sixtyfive thousand dollars a day after cost of production and transportation."
Cheers, Gotti