According to a report dated April 8. Bhandut was producing (120 boepd) which was initially being processed at on site facilities, before being delivered to a third party gas producing plant, where it was compressed for entry into the HP network. Have no idea what the figures are at present.
Imho this was one of the many problems with 77 and 73. There was never any provision made for these facilities and it appears the demand for LP gas just isn't there at present.
Left in bank. Received US183k from gspc still owed 7m. They get a free ride on drill, no risk, couldn't make this up. Only pay costs if commercial if they want, suppose they could extend debt with oex.
30% in cost reductions, salaries down another 14%, wow what are they doing to get a salary, shutting in wells.
Just wonder when this drill is coming with only 3.65 in bank. Consolidation, then placing exiting times ahead indeed. Ffs rant over
Feel free to comment if any inaccuracies or view's
Jog my memory please ... wasn't output being tankered away until they had finished a pipeline or processing plant or suchlike?(I could be wrong) And now they decide to shut it in... JV partner still taking a % of output from Cambay it hasn't even paid for in terms of infrastructure etc.. guess further sitting on the sidelines for me..
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