SEH 0.00% 25.0¢ sino gas & energy holdings limited

Ann: Sino Gas - Heseltine Appendix 3Y, page-9

  1. 6,650 Posts.
    Lets think about the pilot plant and more importantly how long will the pilot production run for?

    We expect production to start let say mid November and come on line with a number of wells.

    Daily production not yet know but who cares about day 1 production.

    Now what we have to watch is when SEH decides to curtail the pilot project (remember these are the same guys who proposed a pilot production with the gas being trucked, no its true i am not joking).

    If the pilot project is shut down within 30 to 60 days and no decline curves from individual wells are released you have to suspect what I been concerned about which is no long term economic production is true.

    If pilot project runs for over 90 days with decline curves released and it looks good, then I have been wrong.
 
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