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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its Charlie Lake oil play is located in northwestern Alberta. Its EOR portfolio includes a set of assets across Alberta representing a range of formations and production types. The Company’s subsidiary is Tamarack Ridge Resources Inc.


TSX:TVE - Post by User

Post by bows333on Oct 03, 2024 11:19am
186 Views
Post# 36251722

Iran thoughts

Iran thoughtsSorry, but I could not post a direct link for you. This is a Zero Hedge article today that you should read in order to get a better idea of the consequences of the coming Israel response:

Iran's High-Value Oil Assets In IDF Crosshairs As Israel Vows "Painful" Response 

In particular, pay attention to Kharg Island terminal. It handles 75% of their exports, and the storage tanks there can hold more than 24m barrels of oil. A dozen missiles/bombs into that complex would cripple Iran's ability to export oil for many years.

Incidentally, a number of respected people (author of Hubert's Peak, for one, written two decades ago) feel that Iran may actually have more oil than Saudi Arabia. Why? Sanctions mean that Iranian oil fields have not been developed properly for the past 40 years, while the Saudis have steadily pumped 10m barrels a day for the past 40 years (roughly 145 billion barrels in total) without actually making any new finds. Gwahar, the biggest oil field ever found is not exceptionally big: it is about the size of the city of Chicago. It is just exceptionally thick. How much is actually left is a closely guarded Saudi state secret. It is far more likely that oil will be much higher a year from now than even a little bit lower. This is the time to hang on and wait.
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