"Atlas Pipeline Partners, L.P. Announces Start-Up Of New Edward Plant In West Texas With Higher Than Expected Initial Utilization Rate"
...The addition of the Edward facility increases the name-plate processing capacity on APL's WestTX system from 455 MMCFD to 655 MMCFD, an increase of approximately 44%. The incremental capacity, located in Upton county near the Benedum plant, is fully integrated into the WestTX system and can process producer volumes from anywhere across APL's best-in-class footprint.
Due to the continuing high level of dedicated producer activity across the Partnership's WestTX system, the initial utilization of the Edward processing plant's 200 MMCFD of processing capacity has exceeded APL's preliminary expectations. The WestTX system is currently processing in excess of 515 MMCFD, approximately 79% of the new system-wide capacity of 655 MMCFD. The Partnership anticipates volumes to increase throughout the remainder of 2014 and into the first half of 2015, and is expecting the system to be fully utilized by mid-2015.
Somebody could give Samuels a bear hug and interrupt his deliberate approach of examining corporate governance, recruiting a lead independent director, etc. Those are the correct steps for the next 7 to 11 quarters, but will TPLM last that long with so much value in RockPile and Caliber under the sheets.
When the CEO says they have seven to eleven quarters of evaluation and preparation ahead for an IPO or a spin of RockPile or Caliber or both, it prompts selling. That's still a long ways off and rekindles all the objections and discounts related to this thing being a large black box.
Well, the deal is done and they can get back to work. Hopefully, a year from now they are a much stronger company and can refinance. I hope in SanFrancisco they will begin to be more forthright with their investors and prospective investors.
He wants to sell $200 million of non-core assets with a buyer(s) identified by Dec. 31 and cash in the door by March 31, 2015.
What's clear in the descriptions of the processes of the new merged company going forward is the realization of how poorly they've been managed on the process side in the past. It's absolutely disgusting what Schiller allowed and what the board allowed Schiller. Now compensation in each division is tied to production gain, expense reduction and stock appreciation. Welcome to the real world, John!
What product price realization for NG and CL did you use to reach the forward EBITDA for that ratio?
The shorts have to take this one step at a time. Today, they were able to close this below the $11.94 support level and they will push to break $11.54 later this week, you can be sure. My buy this morning was premature as it turns out but it's a short week and I think we'll be stronger going into the results release and call.
Tuesday, September 9th, 2014
"Citadel Exploration is a pure-play California oil company with operations in the Salinas and San Joaquin Basins of California. Citadel has a broad portfolio of capital investment opportunities arising from management's extensive knowledge of the geology and the history of oil and gas exploration and development in California. Citadel currently is focusing its efforts on two primary prospects: Project Indian, a thermal-recovery project in San Benito County on which it has recently drilled its first well, and the Yowlumne Project, a new prospect recently acquired from Aera Energy in which it is currently permitting two exploration wells." (from the syllabus)
Added at $11.88 on this golden opportunity if you believe the RockPile spinout will add value. Be sure to review the August presentation prior to the CC. They are spoon feeding the analysts with the appendix.
Good to see they'll have two opportunities in September in NYC and SF to tell a more exciting story.
Are funds sensitive to their position perceptions before Sept. 30 or is it just for quarter close? Who sees their monthly?
You have great story to tell and Sept. 18-20 would be a great time to begin an IR program. Your website indicates you have nothing scheduled or have you been anywhere in this regard.
The two corrupt partners have transferred their interests back to the State owned company, Sonangol. Not to worry, Goldman Sachs is on the case, on our side.