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Thursday, September 29, 2005 7:33:48 PM
He tells me that he was talking to people close to the concho Dome project today who say that a pumping station is being installed on the property tomorrow.
He has nothing else new except to say he is expecting an update on both projects any day now....any day now...any day now!
To me the call had significant info as pumping stations are installed for oly one reason---to pump product.
This means that 20% of whatever comes out of that well[yet to be formally announced but rumoured to be $20million per year] cash flows to IWNN.
So once again---how come the piddly pps with this in the offing.
Conclusion.
Market does not believe it.
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