RE:RE:Time is on our sideThat's at European NG prices of $8/mcf, $72 WTI and $75 Brent.
Right now Europe's NG prices have jumped to $31 per mcf, WTI is $81 and Brent is $84.
Vermillion has exposure to the European NG market that Canadian NG produces don't have.
$178 a "barrel" of NG on their unhedged, vs the $20 a "barrel" that a Canadian NG producer gets.