These feeble flow rates over far flung wells don't pay the rent unfortunately...imo
Just look at SGC last quarterly where they sold $690k of gas over the year... with corresponding production costs of $684k ... net being $6k for the year or $500 per month .... no 'instant cash' here despite the revenue 'kick'.... have to wonder why this was reported at all...really... imo
DYOR
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.