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Higher than average volume drove tsx up yesterday. Nymex spot price up again today and looks to be heading back above 9. Maybe an update on Gwinville to coincide with TSX opening today?
Well that’s a nice close over there to read …
HH $8.81
Although I had some doubt, IA & co evidently reckoned Transco/HH gas would recover and eventually go well beyond the $9.90 high. Hence the cash raise decision for accelerating drill plans.
Perhaps don't read too much into TSX activity: they tend to over-hype although SP should soon return to >C$1.
It when up 23% @90 dropped back to 87 may get some news tomorrow gla
Canada now 16.5% now
Surely something’s afoot ??
GLA
HH $8.66 (+$3.40 premium)
Patience required here.
No further news to hand other than being advised to "buy more".
Canada now at 81c or 52p. Looks like we might have a game of catchup tomorrow.
NG gas up another 4% to 8.50 Canada up also @49p and we are down to 47p work that one out
Strange that we’ve had no notification of anyones holding increasing despite having millions more shares in issue.
With this market imo you have to invest in O&G producers only and avoid explorers that are non productive
Q1 gas price 4.87 average in the last report so with gas now over 8 and production up at least double yes they are looking good imo
TGM's ADVFN entry was important in that it was a primary catalyst in IA's hurry up in a difficult capital markets' cash raise. It should therefore ensure Drilling Corp's #15 and #16 rig retention.
Whilst having no specialist knowledge of SOUC's programme I am expecting the next batch drilling op to be brought forward. As there are important Cotton Valley targets next year I intend to remain invested for some time.
HH and Louisiana/Missi premiums should keep gas price well over $10 for the remainder of the year.
Risk, however, is spread across a handful of producing stocks/companies. Bear market will probably persist.
Nymex spot price back above $8. Souc's next revenue update going to look mighty good.
I think confidence has been dented by them not following through on all the pre-placing talk suggesting an imminent acquisition. The emphasis in the recent 8cap note had switched to a possible merger/takeover and an accelerated drilling program. I see the SP edging back towards the placement price, but a step change from there will require clarity on plans and/or positive updates from Gwinville. My sense is the necessary RNS's are not far away.
Very strong demand for NG atm reflected in gas prices ,why arnt we moving up in line they must be making plenty of cash with double the output?
What are you suggesting the company could do, to ensure the placees "get their 10%"? And would this be in the interests of long term shareholders?
I would rather the directors ignore the placees and focus on the long term goals.
The lack of communication since the placing has been frustrating to say the least. The broker note issued by 8capital (main underwriters of the placing) on July 8 seemed to de-emphasise short term acquisitions and hints at prioritisation of an accelerated drilling programme.
We can't be far away from an update on the Gwinville Wells so I'm hoping that may be combined with a bit more transparency on forward plans.
In the meantime it is good to see the SP trending back towards the placement price and I'm hopeful it will go higher than that when they do reveal plans for Q4.
So they’ve had the money for nearly a month and no news, what are they doing? Out on the lash giving themselves a pat on the back. One things for sure unless there’s news the placees won’t be flipping those shares, and if they don’t get their 10% you can guarantee some doors will be getting kicked in. If you want a laugh read their web site where it goes on about shareholder value , ha ha ha
Panic over V111JAS sorted lol,still in ZPHR?
Tom : Reuters I think .
Typical America :
Completely gung ho one minute , the next parsimonious and as righteuos as Billy Graham !
To add it involves a 300ft pipe that burst,thats it by the sounds of it
V111AS is correct there is a report dated 1st july but I think Freeport have allowed for the time factor as they state partical opening October.You can Google "Update 4-US Regulator bar Freeport LNG plant restart over satety concerns"
According to the last Freeport LNG news release restart is due "early October",
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Currently, it is estimated that the resumption of partial liquefaction operations will be early October 2022. With commencement of such operations, we expect to be able to deliver substantially all baseload production volumes. At this time, we continue to target year-end for a return to full production.
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http://freeportlng.newsrouter.com/news_release.asp?intRelease_ID=9746&intAcc_ID=77
No additional updates have been provided by Freeport LNG to the market since the update made June 30th I believe? These things have a tendency to grow arms and legs, Jadestone recently suffered an oil leak on one of its FPSO and there was various hatchet job news articles and doomsday talk of "structural integrity" issues and implied long term shutdown of the facility... What transpired was a less than 3 week shutdown then the facility restarted again.
Where did you read that viiijas
The US pipeline regulator has said they will not be allowed to repair or restart operations until it addresses risks to public safety .
This is the second biggest NG opp` in the US , but how long is the piece of string ?