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Jefferson-Davis County's time is getting closer. HH plus Sonat premium equalling gross $3.20 + will precipitate rig mobilisation and new wells at Gwinville and other targets.
Appreciate thoughts on where this might go next. With gas prices so low I can't see how it will recover
Nearly 10% up Canada
Any impact here tomorrow.?
Not sure it can double production in 12 months but possibility of this in a few years with extreme patience. Worth watching.
:(
2805boe is $5.6m net so now 17p is fair with extra shares @ 165m. 2024+
Thanks all. Would love to see this rise to over 40p.. probably dreaming tho
There are some excellent features in the update overlain by a stronger HH price. Although it has retreated slightly this week $3.25/MMBtu with basis SONAT premium at least one of the DUCs will be connected in November.
I have thrown my hat in with SOUC in preference to DEC and NorthSea wannabees. Obviously the bear market has been uncomfortable.
Would appreciate people's thoughts and future estimate on share price? Thanks
Good to see extension of credit facility in sensible time
Turnaround very shortly. Increased Sonat tariffs should enable hitherto uncompleted Gwinville wells to have their taps opened.
Interesting buying and rise this afternoon maybe someone knows something back over 25 for starters be great gla
Will it ever get back into 40s yawn
Nymex up 10% yesterday as Europe's largest gas field set for closure due to geological instabilities.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bloomberg.com/news/articles/2023-06-15/dutch-government-set-to-close-europe-s-biggest-gas-field-in-groningen-this-year%23:~:text%3DThe%2520Dutch%2520government%2520is%2520set,it%2520heads%2520into%2520next%2520winter.&ved=2ahUKEwiLvLyzmsf_AhVNEsAKHSl6AEwQFnoECBQQBQ&usg=AOvVaw3MomuJhicW0UTnunSLmLWe
Sonat premium doing quite well today.
Hopefully SOUC will have another leg up tomorrow.
European gas prices have douled in the last 2 weeks as Asian competition for LNG has increased. SOUC sell into southern LNG plants. A global perspective is key given what is happening in Europe.
It's clear on the EIA website that the current south central gas storage (https://www.eia.gov/naturalgas/storage/dashboard/regional) is well above 5yr averages and trending upwards, as such I don't think there will be any bullish sentiment in gas for a while. Also its a El Nino year so cooler weather in southern USA would be expected this summer (Less A/C).
Canada is currently leading the SP retraction, people should assess if this is a trading opportunity to bag a few more shares.
TTF up 13% so far today anĂ° 35% in a week . Nymex up 2.5% in early trading today and looking liikely to be back above 2.5 soon.
With gas prices climbing we leave shoulder season and SOUC just waiting to open the valves on the DUC wells, the shares look a bargain at this level.
Souc on TSX traded more than 4 times the 3 month average volume to finish on the equivalent t of 27.3 p last night. High volume days in Toronto have frequently provided a lead for the following day's action in London. Fingers crossed for another step up today?
Https://www.mineralanswers.com/mississippi/producers/petrotx-operating-llc/3554
Some recent Gwinville production figures shown above.
Have been adding when possible to SOUC. Will be happier when back in the 50s. SOU/TSX going quite well today.
https://money.tmx.com/en/quote/SOU
Florida Gas Transmission sales point (as per RNS) is a new detail. Question: does this conduit add an important catalyst to summer AC uptake?
VRS is one of the worst dogpile stocks on AIM. Sorry.
Nice rise on here today ....both SOUC and VRS on the top risers on the leaderboard today....great day so far
Back in here after a long period of waiting gla