Post by
uograd on May 03, 2022 11:52am
just for fun natural gas up 9 per cent today
Yeah I know we are heliium first and oil second or vice versa but these natural gas prices are starting to make some of those old abandoned gas wells we picked up kind of interesting.
I assume when the first engineering report was done a couple of years ago gas was a buck or 2 so should be a nice bump next time they update that report.
Comment by
goldboyz2 on May 03, 2022 12:00pm
Thats why i like AXL, AXL has a major land package in Alberta with 2 natural gas wells drilled and 1 of 2 tied in producing 3.5 mmcf. Looking to tie in " east pepper " to add another 3.5 mmcf a day production. HELI would benifit hugely from the natural gas side on those abandon wells with natural gas heading higher imo GB
Comment by
goldboyz2 on May 04, 2022 10:24am
NG $8.40 !!! Food for thought HELI GB
Comment by
forwardflash on May 03, 2022 1:02pm
My eyes have been on Ng also. Worsley wells are 80% gas. Obviously the economics of their 15-25 Ng/He well has improved substantialy.
Comment by
forwardflash on May 03, 2022 1:18pm
" 15-25 discovery well, which has repeatedly production tested at over 1.3% of helium content and 65% natural gas content" I can't find the PR to reference, so fwiw from memory it also produced 50 bd condensates.