Bridge Resources Corp V.BUK

Natural Gas Up

[TO1]

There is no point in posting NYMEX gas pricing based on US demand and inventories unless its on gas companies operating in N. America. So that article on the future fundamentals and gas pricing it talks about doesn't mean anything to BUK or any gas operator outside of N. America.
Natural gas is not like oil, that is a global market were 2/3 of all the oil produced in the world is based off of Brent oil pricing in London and 1/3 is based off of WTI in New York. Natural gas pricing is based on local markets that are independent of eachother all around the world. And the gas pricing in the UK is much higher than in N. America (currently about double) b/c they have supply/demand fundamentals that are far different than the US and gas is not easily moved in the same quantities as oil is (current amount of LNG tankers and loading terminals is tiny compared to oil tankers and loading terminals worldwide).

If you want to talk about UK gas pricing you have to look at the UK ICE Gas Market pricing, based on UK pence/therm not US$/mcf as N. Americans are accustomed to. When you convert the current pricing it comes out to about a doubling of NYMEX pricing per mcf.
NYMEX natural gas pricing is irrelevant in BUK's case. As an example, UK ICE gas pricing has fallen for 4 straight days while NYMEX has been up 3 of the last 4 trading sections. There is no correlation between the movements of each as they move independent of eachother.

https://www.theice.com/marketdata/ukNaturalGasView/ukNatGasIndexView.jsp

[2t3m]

Thanks for your explanation TO, I'm not a gas expert, just an amateur. After horizontal drilling here's the snake drilling from Shell. The future of drilling I think. The site explains how this technic was discovered and use. It will probably give a lot of value to fields that were not consider economically viable in the past. https://realenergy.shell.ca/?lang=en_CA&page=homeFlash#