Stream Oil & Gas Ltd SOGAF

Huge news

[frankythetank]

That means the horizontal drilling will be financed by forward selling the gas.  Plain and simple.  This is huge news!! Second quarter there will be lots of additional revenue.   I agree would be nice to see the production numbers but if you want stream to produce 6000-10000 BOE then this contract and gas sales is way more important then current production. 

     The other good news is the price of the gas that will be sold.   $8.95 IS ALMOST DOUBLE THE NATURAL GAS PRICE WE HAVE IN NORTH AMERICA.  Cheers investorss

Tank

[dr_airtime]

Having Frankythetank positive is a good sign indeed!At 6.5 mmcf/d and $8.90/mcf at 365 days that is $20M in revenue from Nat Gas Sales alone once the power plant is ramped up. >

[Bobwins]

There are still some unanswered questions:   1.  What happened to gas reinjection to recover the even more valuable condensate?  Do they even need that equipment now that they have this contract? 2.  How reliable a purchaser is this outfit.  microcap or big guy? 3.  Is this the linchpin for the horizontal well financing?  PR makes it sound like horizontal well

[newtoboard.]

I would not be concerned about the condensate if they end up supplying.... I never liked the idea of gas cycling for such a tight reservoir, and there is plenty of heavy crude in the region (including their own) which is badly in need of some condensates (shipping, etc). I do have my own concerns related to the credibility of the purchaser. They were only encorporated in 2011, and combined cycle

[frankythetank]

In the news release this company is going to sell the energy directly to Albania's energy company.    So I wouldn't be to concerned about the company making the futures agreement.  To me this stock is still a no brainer investment.  I'm hoping that this is the beginning of stringing a lot of news releases together.   I hopefully will get some new

[newtoboard.]

I should have better explained that my primary concern was more related to the ability for the generator to get access to capital and get generation up and running in a timely manner... With that said, still a positive news release.

[dr_airtime]

I think the market wonders why they did not include an operations update, otherwise we would of been closer to $1.00 with Stream's volume. I don't know why they wouldn't add,"oh by the way those 6 jet pumps wwe mentioned we would install in the Q3 MD&A (and verified by our good friend Bobwins) are up and running and have added X barrels of low royalty production". Maybe