Their latest release in my opinion has more unsaid than said. see statement.
"The new Board has also commissioned Mastenbroek Enterprises Pty Ltd, run by Jan Mastenbroek, the former General Manager of Gazonor to conduct a strategic review of the company and present recommendations to the Board by the 10th of November. " my guess is that Mr Jan was originally influential in applying for this permit as he knew that he could connect extra gas supplies very easily to an existing outlet to the pipline. However we must be cautious as the gas was being sold to Société Artésienne de Vinyle and Surchiste who I thought that they had an argument with over price.
"At the Divion and Désirée sites the gas is compressed to between 300 and 350 kPag for supply of gas under sales agreements with Société Artésienne de Vinyle and Surchiste through buried steel gas pipelines. A total compression horsepower of about 4,000 KW has been installed at the processing sites which are all controlled locally" This maybe not enough for the gas main as that is compressed to 6500 KW does anyone know?
Looking at the latest map it includes the list of pipelines which is also interesting! This assessment is vital as it could double the output of gas/ revenue to the grid (assuming that they have a customer) in short order without needing to repermit.
The AGM will be very interesting and i will try to be there
EPG Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
