Activate plant expansion is craftily listed as Feb-Dec '09. I would be surprised if it is delayed until April/May given delays and problems experienced with current plant.
Does the planning of less wells than previously (200) mean the ones they have are flowing at greater than expected rates? i.e. they underestimated the processing capacity required. OR did they stuff up once again? - seriously if they knew their allocation was 2.5 mmcfd gross then why have they never mentioned that as an expected (short term maximal) production target before? Sure the wells are cheap and look to have an IRR of near to 100% but that makes no difference if they can't get the gas to sale.
They may as well be a $24M company stuck with maximum revenues of $3M. (excluding AUS projects I know).
quarterly, page-3
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