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Re: Estimated_Prophet post# 183092

Wednesday, 05/16/2012 11:00:52 AM

Wednesday, May 16, 2012 11:00:52 AM

Post# of 312016
Always enjoy your posts, however I am a bit surprised that you think only one processor is able to run, you mention that P1 might go the way of the dingo, could you go into further details as to why you feel that way, as I don't see why they would scrap this unit, this was the unit that they did the last stack test on, so we know that it can run at the max rate of 4000 pounds/ hour. I am a bit more optimistic than you and think they will start to run much more production this quarter.
Most of the optimistic posters here, who believed them to have higher production in 1st quarter, was basing that on the fact that P2 was touted as being finished at the end of Feb, however more testing as mentioned in the Q10 was obviously needed, now that SAIC tested it on the 25-27 of April, P2 was tested at 115 barrels a day, this gives me confidence that Q2 will show much better production numbers.

GLTA.

A.H