RE:RE:RE:Finish main job first. Show us !I think it is fair to say that management believes they can earn a higher return on this field than investing the capital in their Holbrook project.
I would guess that it is well performance, not the plant, that is the monkey wrench in the Arizona project. No estimated production rates have ever been released. No reserve estimates. And no new wells are being drilled at either field, only new exploration wells, and some of those are for hydrogen. If they have a plant on order to produce the Rofling field, why haven't they drilled any additional wells to feed the plant? None of this bodes well relative to the optimistic estimates by me and others.
As an example, if the MFHRU runs at 3mmcd/d, that's $.10-.12 of per share earnings assuming a $1/cf selling price to end users. Hardly enough to get excited about.