Will different processing be used for any flows at Chernetska?
Obviously this means any additional production at Sorochynska cannot occur until the new processing facility is operational. This is probably why the spudding of well #2 at Sorochynska was pushed back until Q4 this year. Hopefully it means Chernetska can still become a producing well and use a different processing facility than the one operated by Plast.
Agree with meerkat, building the facility makes sense and you can see that it basically repays itself within 10 months of production so its a no-brainer as to whether to build it or not. Problem is we are now pushed into a corner in terms of production for the next 12 months, at least in terms of Sorochynska anyway.
Can anyone find out about Chernetska processing if flows are achieved?
HOG Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held