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This accelerated investment in reserves certification in this highly productive coal seam gas area is a key component of Arrow's post CH4 merger strategy to drive growth in shareholder value by building on the skills and asset base of the merged companies and dynamically focusing on those opportunities that can provide the most significant value add to the company. 1, 1993, (2) at the time the wellbore was spudded, such coal seam gas was within the "productive horizon" targeted by the taxpayer, and (3) the perforation and stimulation activity with respect to such coal seam has been continuously pursued in a diligent manner and consistent with sound engineering and development practices. The Sunstate GTL Project is nominally 17,000 barrels per day of ultra clean synthetic liquid hydrocarbons from coal seam gas feedstock using the Syntroleum[R] Process to make Synfining[R] Diesel for the Australian domestic market. |
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