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Re: fishhead1076 post# 1125

Saturday, 07/22/2006 12:37:37 AM

Saturday, July 22, 2006 12:37:37 AM

Post# of 2185
The 200,000 head are coming from within the state as well as the other 3 states mentioned. I asked Steve at Intrepid a month or so ago if there were farmers in Ca, Wa, and Oregon who were already commited to having Intrepid install this equipment on their farms. His reply was "yes", but he couldn't tell me how many because it hasn't been made public yet. Right out of the gate there's 15,000 head along that pipeline they built, they just have to wait to see which farms the government is going to buy out. Those 15,000 head will just be consolidated onto fewer farms in that area. If you read the letter to the share holders that was issued in March of this year, you'll notice their three year plan ends with them producing 2 billion cubic feet of gas (1.2 billion dollars at todays natural gas prices). I doubt they would have made a projection like that if they didn't already know how many farmers want this setup on their farms.


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