SDS to increase production.
Ash creek to go to production early next year.
Hereford 1, Potential market for Nitrogen US$2.50mcf, Gas US$2.50-US$3.50 mcf.helium unknown.
How to market Hereford 1, build a pipeline to Billings,Cost US$7mill, and sell gas as a whole, split the gas on site or generate electricity on site.All of the options to be assessed over next couple of months.
Grieve,plans for Drilling and injection continue with a start up date early Jan, no time out for winter as all drilling done from one location, fabtech continue with design of plant for chemical injection, delivery time 6 months hence.All subject to funding constraints ranging from debt funded, equity raising, JV partners or mix of all parts.
Cost per barrel of oil from Grieve over phase 1,2 and 3 is US$17.00.
Very good margin if project gets off the ground, sell price of oil based on WTI.
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