MEL 20.0% 0.4¢ metgasco ltd

sell before you get totally ramped by the guru, page-9

  1. 24,386 Posts.
    lightbulb Created with Sketch. 176
    "Fact is, in the CSG busines, you dont drill production wells unless you have a use for the gas."

    PD,

    IMHO, That's correct. Once you start a CSG well, you have to keep the gas going, or flare it. The water is the cause of the problem. While, from what I can understand, with a conventional gas you can turn the gate valve off and on at your pleasure.

    In the case of an LNG plant for instance, or in the supply of a generation plant, IMO the convential gas is better used during peak demand times when an increase in supply is readily available, and on demand.

    DYOR.

    Buddy

 
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