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Re: cleverrox post# 3979

Thursday, 05/29/2014 4:59:11 PM

Thursday, May 29, 2014 4:59:11 PM

Post# of 5439
We're also waiting to see what full production really looks like as well. The earlier KY wells only had local storage for each well, and the trucks had to drive to each, shut off the well temporarily, empty the tank, turn well back on, and off to the next well. One of the major efforts late last year and into this one was to complete a central storage facility beside the main road and run lines from the well tanks to the central site. Then the wells can run continuously and the trucks don't have to wander about. All that should increase per-well output. And that should be reflected in the annual report coming out in the next couple of days.
Of course another major item is just seeing if they are finally cash flow positive for operations, or just how close they have gotten. That's major milestone.
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