in excess 5 million cubic feet of gas / day, page-36

"Huge resources, gas flowing from multiple wells, aqusitive neighbours, strong demand for gas, high oil prices, infrastructural in place and the BIG ONE, honest, timely disclosures will determine market sentiment. Compare MAE and ODY to see the impact of sentiment (credibility!)
"

1. Huge resources : yes but who cares they are worthless
2: gas flowing flow multiple wells: Yeehah a combined 600mcf from a company with a porfilio of what 30 + wells across 3 producing areas.
3.Aquisitive neighbours: ? seriously pure speculation and a bit hipocritical when your bagging others for unfounded opinions and info.
4. Strong demand for gas: Balony from 1997 to 2005 industrial demand for gas in the US decreased 20% Gas is a feedstock for many industrial processes and with Quatar and russia able to supply it at 2-3 dollars with long term guarenteed rock bottom price for dcades much industrial productions moved offshore and new growth is not going to the US. DOW chemical in fact moved a lot of its business to where the cheap gas is. PS the greeenies used to love natural gas but recently there has been all sorts of hysterical news about how its worse than coal for the environemnt and there are also big issues been pushed regarding groundwater and pollution.
5. High oil prices: great who cares how does this relate to US gas prices? oil is the worlds most traded commoditiy natural gas is a domestic commodity there is no link in prices or fundamentals.
6. Infrastructure in place: Yes they have an awesome gas gathering system on their property capable of delivering what 60+ mmcf per day to the piepes. BUT its pumping what 500mcf ? so its been used at 0.009% capacity. That is not a good thing and anyone with financial, economic or engineering background would understand this is just a complete waste of money. They put it in their as a selling point but fact is every day that goes by while its not used nywhere near its capacity it costs money and depreciates in value. They would have been better of not building it and spending the money on geeting gas flowing from wells.
7. Honest timely info: yes it has been coming but the interpretation of the people reading these ann hardly seems to be unbiased. IMO i would suggest many people read what they want to in these ann and with so much on the line its understandable that people hang on particular parts of ann and not take them in their entirity or context.