Saw ceo at Chinchilla last night. Very brief preso...nothing new...he does seem very honest....not quite as flash a type as NM or perhaps even ID at sxy. No update on how much more clean up of frac fluids.
I am going to buy more..this old territory which I thought was mainly Mosaic leases ( turns out not but more Hartogen...you would need a few grey hairs to know it!) may well respond better than ever to the new technologies. They have picked up more leases around there so I guess they like what they see.
Talk of more infrastructure spend..turns out the plant was run at 30tj a day at one stage under the previous owners..but briefly....called it old a couple of times..I would have thought it was not “old” in comparison to other plants in many oil and gas areas.
AJQ Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held