For what ... ?
This announcement underscores at least what I been saying ....
Oil differential and transport costs eat up what surplus cash margin exists and that gas presents a problem.
Kudos to AKK mgmt for coming up with some out of the box thinking. There you go - something positive
"Stranded gas" - lack of sales channel - shut in wells... telling you exactly what I was saying regarding gas.
And @gassed can tell you how "large" 1 Mmcfpd is.
So they have a partner WHO WILL PUT UP THE CAPITAL for the gas turbine electric unit and the oil refining - and being at the well head removes the expensive transport costs (no pipeline remember).
All thats left is to actually tell you what this does to their actual NET INCOME.
I see a TH for placement and acquisition ...
Merry Christmas (you too Brute).
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Ann: Austin executes Gas Sales MOU for Pathfinder, page-11
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