TSXV:CART.H - Post by User
Post by
Roddiggition Jan 06, 2021 4:10pm
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Post# 32235494
KUB Highlight From November 17th 2020 News Release
KUB Highlight From November 17th 2020 News Release Mikhail Afendikov, chairman and chief executive officer of Cub, said: "We are pleased to report the two Jenbacher units have arrived on site on the RK field and currently undergoing the installation, commissioning and ultimately connecting to the power grid. The company plans to have the units commercially operative in early 2021."
https://www.theglobeandmail.com/investing/markets/stocks/KUB-X/pressreleases/651963/
As per that news release, average price achieved for the quarter was $3.59(quarter ending September 30). This price has basically doubled for those that follow natural gas pricing in Europe:
- Achieved average natural gas price of $3.59/thousand cubic feet (Mcf) and condensate price of $40.33/barrel (bbl) during the nine months Sept. 30, 2020, as compared with $5.85/Mcf and $48.43/bbl for 2019. The decrease is due, in large part, to increased volumes of gas stored in Europe, a warmer-than-expected winter in Europe and the impact of COVID.