re: flow rates - experts please??? hi lyns
""if a flow rate is between 50,000 to 75,000 cubic
feet, lifetime over 40 years - not good enough?
or worth acquiring/holding the shares?""
i guess you're talking about IMP...
as from above:
50-70,000cf/d...we have NO conformation.
lifetime over 40years..we have NO conformation.
1) i have no idea about oil & gas game.
2) the company is keeping people in the dark. for the life of me i can't understand why the company hasn't released some details about gas flows. Personally i don't like that. IMO very very very wrong and smells like a rat.
3) whilst flow rates are important for cashflow, IMO having certified gas reserves tops the list. At this stage we have NO idea..
50,000-75,000cfd at present with gas prices, just enough for coffee and TimTams.
i did buy a few at 1.1cent, sold out at 1.9cents.
at this point of time i personally wouldn't pay 2.3cents.
i've stayed off the IMP thread recently, because some would think i'd be downramping if i posted.
regards
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