No Gas sale receipts were included in the Dec 2014 quarterly report, check for yourself.
Or the March 2015 or the June 2015 and we now know that they will be none in the Sept 2015.
So the JV partners are hanging onto SEH portion of the gas sales value, I wonder if they are going to pay SEH interest on that money they are holding?
Ever considered what that does to your NPV of your project?
And it isn't positive!
But the good news is the MD long term incentive plan is only made up of 20% production performance which is not quite the same as cash received from gas production!
SEH Price at posting:
8.0¢ Sentiment: Hold Disclosure: Not Held
