Not an area I have a lot of expertise in other than to say being an industrial gas manufactured from the atmosphere it is in plentiful supply. The cost in obviously in the "liquefaction process" and in separation (just like the LNG process for methane I suspect).
TB is hinting that he can possibly take advantage of the well pressure of 3,459psi and by-pass the need for a cryogenic plant. And that's where I get lost because what is the plan for this N2 as it comes out of the ground at high pressure? Whack it into a tank like when you fill your BBQ tank? Compressed N2 is in tanks up to about 6,000psi (I think) so how is this a big deal.
I'd like to know more out of simple curiosity - but not an industrial chemist and don't really follow.
But yes $2/Mcf margin and its good money.... but not anytime soon though?
Not a reason why I would buy the stock.
SSN Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
