Relevant update from SXY today announcing they have reached...

Relevant update from SXY today announcing they have reached nameplate capacity of 32 TJ/d from Atlas. First gas was in October 2019 so approx 16 months to reach 32 TJ/d.

Range will take longer as nameplate is 45 TJ/d, and Atlas is better acreage - higher permeability, deeper (so higher pressure) and already partially dewatered by nearby producing QGC wells, which is why gas started flowing immediately for them. So we're probably looking at a bare minimum 2 years for CTP to hit nameplate from first gas, and first gas at least 2 years from now, probably more like 3.