This is for CTB, Contractor or GEH:
Contractor's comments regarding stockpiling leads me to my question, what happened to all the O & G product that has been flowing from Padgett #11 since the June 11th announcement? This question may also now apply to Padgett #12 H.
I know this was offline for a while, due to a pump problem, but since it has not shown up on the TRRC listing, what happens to all the O & G revenues they have been pumping? Will the show up in the November 10q?
It was stated at the time that Padgett #11 had flow rates of $1.2 million annually, or $100k per month, which were at June pricing. Today oil is much higher.
Even if there is a 90 day lag on cash flow, it would seem to me that the sooner you start pumping, the sooner you get cash in hand.
If Padgett #11 was flowing in June/July, they would have cash in hand today.
