Post by
gamer007 on Mar 25, 2022 4:28pm
What's up......with 5.50 USD for Nat Gas ?
Never thought we would see natty so strong in what is usually off season by now......but thanks to Biden and his handshake with the Europeans yesterday regarding sending more LNG to Europe............
He just put a huge bid under Nat Gas prices that could mean much bigger things for AXL !
Montney asset was not in my thesis intially as Columbia was the focus, and a sale was tossed around.......but now with a new dynamic of NA gas supplies heading for Europe............this may turn into a bigger deal...........
According to GLJ Petroleum Consultants in 2017, we have ......1.8 TRillion, YES.....trillion cubic feet of gas in situ.......
....enough for about 200 wells according to Marshall Abott .............I would like to see more agressive development here in the near term as well !
Turning Pepper east on in the next quarter will also give us the re-rate from PNP to PDP status as both these wells are on opposite sides of the property !
Just more to chew on as we await liftoff !!!!!!!!!!!!!!!!!!!!!!!!!
Comment by
Rob0012 on Mar 26, 2022 7:40am
I can't see AXL announcing further delays. SO I expect next week will be THE week we see real lift-off! More production in Columbiq ehile Pepepper gets hotter (ouf!), let's go for next consolodation level, what? 40-50? Rob
Comment by
Mickey2 on Mar 27, 2022 11:29am
is the 1.8 TCF proven, or is that original natural gas in place?