@g12m0,
Firstly, net oil production was 0.17mboe (170,000 boe) as you state.
Boe = barrels of oil equivalent.
Ie. The 170,000 boe includes the oil and gas (converted to equivalent barrels of oil).
Secondly, raw gas is being sold at a JCC oil linked price, hence the conversion to boe.
The sales of processed gas will receive a higher price, which is why the strategic direction includes the development of a processing plant (and hence the sourcing of the long lead items).
I think we will see funding within the next two months and the aggressive plan to develop Atlas / WSGP. In addition there is $43m being spent by BPT.
Financing and FID could come anytime between now and mid year (June), as could the divestment of the assets SXY have alluded to.
For me this remains in the bottom drawer, but I will continue to top up on any weakness between now and those announcements which I think will result in instant rerate as the risk profile reduces through certainty of funding and development plan.
Good luck to fellow business owners, patience should see us rewarded - just look at HSO today (which is my other bottom drawer)...
