The company?s push for near term cash flow opportunities from pilot gas production is drawing closer via the execution of a landmark agreement to sell electricity output from the Ohai Coal Seam Gas (CSG) pilot project to the Rio Tinto Alcan-owned New Zealand Aluminium Smelter (NZAS). Preparations are now underway to install a 1MW gas-fired generator at the pilot site.
Once commissioned mid-year, this generator will sell any electricity generated to NZAS
LME Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
