A few years ago when AKK set up its first well , I am sure I saw photos of a small gas recovery operation they had set up with a Texas company , they were also talking about piping the gas out .
However I like their new idea better as to convert the gas into electricity via a gas turbine (guessing capstone type turbine) with a direct coupled generator like they are proposing makes sense as be cheaper to set up a transformer and powerlines back to the grid than to put in a pipeline .
Guessing AKK would make around 60% of what it could sell as wet gas for ie they should make around $1.50 a 1000 cubic feet of gas or if the well is producing around 1millon cubic feet that would give AKK about $1500 a day , chump change but ability to replicate given there is potential for several hundred wells .
AKK Price at posting:
0.7¢ Sentiment: None Disclosure: Held
