For the late bloomers to this stock, some facts to ponder on.
SS-10 well (the much talked about on this forum) was the first well drilled on SS field in 25 years last year Aug-Sept. It flow tested 52 MMCFD, this could increase to 55MCFD on production.
This well will take the prodn from the SS field to a total of 200 MMcfd from 6 wells alone.
For the Sept 2007 quarter, total of 2416 mmcfd gas was sold by ORCA. Gas to power grid cost was US $2.19/mcf.
The current configuration of the SS Gas processing plant limits gas supply to 70 MMCFD.
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For the late bloomers to this stock, some facts to ponder on....
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