Commercial rate indicated at AGM 2011 - 125mmscf/d at USD6.8Mscf.
What it is now, I've got no idea and also not sure if this commercial rate has been indicated more recently than 2011 - I've got better things to do than look through all the announcements.
As for the USD80mill yes, I'm incorrect - it is USD72mill and I believe they are owed around USD7-8mill (was USD5.1mill at June 30). Traditionally they spend a fair proportion of their cash in the 4th quarter. USD35mill spend in 1 year is not big at all.
As for whether their wells are commercial or not, you have no idea WN - you're making it up as you go. What your ulterior motive is, has got us all bamboozled. They are clearly commercial, RISC says so, company says so and production decline rate charts indicate they are, ATM.
Quite simply put, SEH has to get ODP's through and get paid otherwise the company will fall over. Gas prices will recover as very few countries can continue to produce and be profitable at current prices. SEH needs to stop spending money drilling all over the country side and start producing the gas from their 100+ wells very quickly.
SEH Price at posting:
7.7¢ Sentiment: Sell Disclosure: Not Held
