Updated guidance for the year (basically the same). Two potentially good pieces of news. Saying that they will complete both 100 mcfd expansion projects in either late Q1 or early Q2 (previously was Q1 2013 and Q1 2014) and ending year using 60% of that capacity. Other is 5 year POP contract with SD and an expansion of the area dedicated to APL. This reduces our keep whole exposure.
They kept the EDIBTA guidance previously given. Have to believe that there is opportunity there if they can get capacity up quicker.
I read 60% of the 200 million a day plant or 120 million at startup. Next plant 2014 is 200 million also. Must be saving that news for the conference call. POP contract is a bit of a negative compared to the keep whole. Still nice to see more expansion with SD.