Hi Cara,
As we know, Ken Aitken's background was/is in production engineering, but when "expert's" in their technical field make statements about commerciality before actual stabilised flowrate results are known ("Metgasco are confident that a commercial gas project can be established at Vali”), always make me anxious. Engineers are normally a conservative "bunch" and nine times out of ten wait for results, but Ken has moved onto management now. So we trusting that MEL's interpretation of the MDT results at Vali 1 over the Patchawarra Formation emboldens them to make these upbeat statements ahead flow results and a Cap. Raise..... If Vali-1 does not flow at commercial rates - well, at least they will have money in the bank for Cervantes..... I would prefer an under-promise, over deliver approach myself.
Anyway. just my view......
Kind regards OldGeo
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