Ann: Hawkley to build its own Gas Plant , page-19

I don't see how it would be a shame to build another gas plant if the costs replicate those for this Sorochynska gas plant.

Simply look at the cost savings, $300,000 per month on a gas plant that costs say $3 million. So in their savings they have paid it off in 10 months, everything beyond that is additional cashflow/revenue plus the increased choke and/or flows from additional wells.

If the same had to happen at Chernetska because they are lucky enough to find additional flowing gas that can be profitably extracted then why not build another gas plant to handle it.

Thanks clark regarding the oil flows from Chernetska, understand now. You'd think that if Chernetska is even moderately succesful in production terms, the share price could not stay below 40c and would more than likely make a run towards 60c.

The next 6 months is important in terms of Chernetska success and resource upgrade, the next 12 months are important in terms of gas plant, secondary well at Sorochynska and increased revenues. If things go according to play, you'd have to think double our current share price is certainly no stretch.