Following on from this, the BOD seem to be delighted that they have met their target of year on year overall consumption, albeit that the increase has come from lower priced grid power. Once again this brings to the fore the conflict of having a chairman who benefits more from volume than profits and makes one question just why we are not pushing harder for the $16 hook-ups.
I think the list you refer to was actually posted by another poster. Having said that I have revisited the map and also the last quarterly update and connections update and, quite apart from the fact that consumption at Q3 (excluding grid power) was lower than previous Q3, it is also interesting to note that the anticipated consumption from the new 7 connections will on average be approx. 60% lower than the average for the existing 26 consumers. ie average 0.085 mmscf/day as opposed to 1.4 mmscf/day. That suggests to be that perhaps we are struggling to bring the larger premier league businesses on board and therefore going after the division 1 and 2 customers. If that is the case and nothing necessarily wrong with that (any port in a storm etc), then I think it's fair to say we need to be signing up a lot more than we are doing on the Bonaberi side to cover the huge investment we have made there.
The Q4 2016 Operations Update which is due possibly this week, will indicated whether this target was met:
"In early 2016, we stated our objective to increase gas volumes sold to customers in 2016 by 30% above 2015 levels. During the twelve months to 31 December 2015, total gas sales of 2,868mmscf were achieved. Having sold 2,282mmscf in the first six months of 2016, we are on track to reach this target."
i expected us to reach that target two weeks ago but better late than never and still below our consolidation Price which due to what has happened in between makes one wonder,wtf is happening and why,one answer bod all Information for year,s Grey information
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