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GOLDNEV RESOURCES INC V.GNZ



TSXV:GNZ - Post by User

Bullboard Posts
Post by rich471on Jun 08, 2008 7:08pm
499 Views
Post# 15159454

Oil Shale Pilot Project.+ Nat.Gas. prices.

Oil Shale Pilot Project.+ Nat.Gas. prices.As I've told you before Goldnev is not waiting for the big fish to come along. Further drilling to add to the already massive NI 51-101 compliant resources of 2 billion barrels plus of oil distillate will of course continue. There is a lot of institutional interest in developing production goals for the pilot plant and further. Of course all authorizations and permits will need to be obtained, but the Saskatchewan government is eager to develop it's resources, and the resource boom as most of you know in Saskatchewan has already begun, and will be the stable place to be to invest in coming years. Goldnev management is extremely keen on increasing and developing Pasquia Hills and will continue to do so with or without the big fish.

A note on Goldnev's natural gas production and prices. As most of you know production already exists at Noel and Provost and more info can be found on the website https://www.goldnevresources.com/ What I would like to mention is natural gas prices going forward. In my opinion the U.S. is not importing as much natural gas as they should. Their reserve storage inventory capacities could be higher. Natural gas prices normally take a dip at late winter to early spring as demand typically eases. Natural gas prices have remained at the $11 plus dollar price level through this period, no doubt to spiraling oil prices. This I believe is a fundamental mistake of U.S. Natural gas importers as summer's air conditioning season followed by fall and winter heating will increase demand. They should take advantage of these stable prices now, before northern latitude countries take natural gas prices to a new high through the rest of this year.

Of course high natural gas prices will increase Goldnev's revenue stream going forward. rich47.

Bullboard Posts