ccb
If you check out the nov 29 ann it has the expected costing breakdown. There is no 17% gas processing cost. If that was added in we would be getting less than 30% net revenue and that is not the case.
If we were being charged 17% it would amount to $6.8m in the first year. Enough to build 3 gas plants. That would be very poor business on hogs part.
Cruz is clearly talking nonsense.
The reason hog are building a gas plant is that the plant they are presently hooked into does not have the capacity to process our gas.
It would seem the delays in drilling and building of the gas plant have been due to their concentration on the cr. I am expecting the new ceo to have a different focus.
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