That means the horizontal drilling will be financed by forward selling the gas. Plain and simple. This is huge news!! Second quarter there will be lots of additional revenue. I agree would be nice to see the production numbers but if you want stream to produce 6000-10000 BOE then this contract and gas sales is way more important then current production.
The other good news is the price of the gas that will be sold. $8.95 IS ALMOST DOUBLE THE NATURAL GAS PRICE WE HAVE IN NORTH AMERICA. Cheers investorss