They DO NOT say they will build the production facility. They say:
--- A successful testing of the Dugas & Leblanc # 2 well will require a 2,200ft gas pipeline for connection to the Gulf South gas system and the construction of permanent surface facilities. ---
That's conditional.
They have carefully avoided using language that emphasises that it is conditional but the statement clearly leaves open that production facilities will NOT be built if the testing is NOT successful.
As sasa said, and others have repeated, this is a conditional statement, not a statement that they will go ahead and build a production facility.
Dis was even kind enough to explain the regulatory background for this statement.
GGE Price at posting:
0.6¢ Sentiment: None Disclosure: Held
