RE: New Government22 May 2020 11:55
Basically, in a nutshell, that is correct Millario, although it's not quite as simple as all that in reality. It should be.. but there have been many obstacles placed in the way of AST. We applied for two permits.. the IPPC and the stimulation permits. The IPPC was granted, which would allow us to build a gas processing plant (at a cost of 10m euro back in the day!) to feed the gas into the Slovenian grid. However, if we cannot get the gas out of the ground, by well stimulation of the development field plan that CH had done... it's useless really! pg-10 and pg-11a, the producing wells, slowly declined, delivering less and less gas on a daily basis... until the revenue barely covered the daily costs! Getting said stimulation permits, would open up the field to massive production upgrade potential... and revenue would be much greater, as would the SP! We live in hope... :)