You cannot extrapolate initial production to be the average production over a period of time . Vali is only a small field and after 4 years of production the field might only be producing around half the initial peak production . Production from oil and gas fields have front loaded production . More so from zones that are fracked and even more so from horizontal fracked wells ( not the case here ) .
I feel sure that if they had gas from Vali that they could sell outside of the GSA they would have spelled it out . No one would be more pleased than me if my reading of what they have said is wrong .
MEL Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
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