Redleaf state what flow rate is required to achieve commercial success
But we suggest the market is likely to want to see a rate of (say) "200- 400mcfd to provide the commercial confidence that would trigger the next phase of the project.
The report goes on to highlight that pre-November 2015 (i.e. date of the broker report) early gas suges of 50mcfd were recorded but that that was during the de-watering stage.
Now some 7 months on we have had a CR involving major shareholders and on the cusp of some flow rate news.
200- 400mcfd appears to be the magic range.
BTW - $0.48 cent value is based on just lesss than 1/4 of STX's estimate 4.5tcf....
Adl
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