gas pipe line, page-29

lautrec, A few points to consider. Firstly there is no timeline driven deadline to when the Alcoa money gets spent. The well that has just been drilled and all of the fraccing will be for Alcoas account. If they like what they see they will spend the balance of their commitment which should pay for the next well and fraccing program, assuming they decide to frac it.This next well will be a bit later in the year sometime,....I think.
The main points are that this current well and fraccing/testing results will provide a very good indicator of field productivity and economics. At that point TSV would probably raise some money, but not a lot.Firstly, their share of costs is only 10%.Secondly, it wont take long to prove up reserves, at which time TSV would more than likely consider development finance from a major bank rather than a big share issue.
Occam