Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
This could be a storm in a tea cup, the immediate concerns of the Corona Virus and the Saudi / Russia price war should soon pass, and then we will back on track. It's Greta and the crazy Government environmental policies that worry me most, this article helps redress some of these concerns..
https://oilprice.com/Energy/Energy-General/Wall-Street-Has-A-New-Favorite-Energy-Niche.html
"....SoCalGas is fighting for self-preservation with revenue from residential gas sales clocking in at nearly $2.3 billion in 2017. But it also appears to have a much better clean energy value proposition than your average fossil fuel company.
The Los Angeles-based company plans to produce biomethane using waste from dairy farms, landfills and sewage treatment plants. It contends that doing this can kill two birds with one stone: replacing some of the natural gas in its system with renewable gas as well as limiting heat-trapping methane emissions. The company has already injected small amounts of renewable gas into its pipelines with plans to add more.
It appears investors have not lost faith in the natural gas utility, having bid its shares up 11.7% in the year-to-date..." GLA
Nice to see everyone's been busy writing today's posts. The Karoo always makes me smile, I wonder if it will ever happen.. South African companies now need to comply with their black economic empowerment regime, so I think POQ will need to seek a partner such as Santos to work with and go with the 70/30 split.. it could dwarf the Beetaloo if it happens, but I imagine the process will make the Beetaloo look like child's play!
Global demand for liquefied natural gas is expected to double to 700m tonnes by 2040 as energy consumption, particularly in Asia, rises and the world shifts away from dirtier burning fuels, Royal Dutch Shell said on Thursday.
In its annual outlook for the supercooled fuel, the energy major said that gas would play a significant role in shaping a lower-carbon future. About 80 per cent of global energy demand growth is forecast to be met by renewables and gas....
https://www.ft.com/content/46587834-53bb-11ea-90ad-25e377c0ee1f
Natural Gas: Capital Retreat To Send Prices 50% Higher
U.S. gas drilling rigs are approaching levels that preceded a 150% price rally in 2016.
Production is declining, while exports and domestic consumption will set new records in 2020.
https://seekingalpha.com/article/4321978-natural-gas-capital-retreat-to- send-prices-50-higher
German industry talks up ‘carbon-free’ hydrogen from fossil gas... Pöyry, a consultancy firms study, published in June, sees hydrogen from natural gas as “the key to deep decarbonisation” of the economy, providing a practical option in areas like industrial process heat, heavy road transport or waterborne transport, which are difficult or impossible to electrify.
“It has become increasingly evident that hydrogen will be an integral part of the solution” to decarbonise the economy, Kehler said. “We need a clear target for green gas that includes hydrogen from natural gas, renewable gas from electrolysis as well as biogas,” he said in a statement.
https://www.euractiv.com/section/energy-environment/news/german-industry-talks-up-carbon-free-hydrogen-from-fossil-gas/
https://www.oilandgasaustralia.com.au/empire-says-seismic-results-confirm-shale-potential-in-nt-permit/
EMPIRE Energy Group Limited reports that seismic data from a recent 2D survey has confirmed that its target shale sequences are present in the EP-187 tenement across the eastern sector of the Beetaloo Sub-Basin in the Northern Territory.
The company said processing and interpretation of the recently acquired 231-line km 2D seismic data set is now complete in its 100% owned EP187 permit in the eastern sector of the Beetaloo Sub-Basin.
Managing director, Alex Underwood, said open file Northern Territory Geological Survey data has been combined with these newly interpreted and mapped data sets and has confirmed an easterly extension of the Beetaloo Sub-Basin into EP9187 containing the Velkerri and Kyalla Shales, Empire’s primary and secondary exploration well appraisal targets, on trend and continuous with those in neighbouring Santos and Origin permits.
“We are very pleased with the results of the EP-187 seismic programme,” Mr Underwood said.
“The seismic data have demonstrated that the most prospective petroleum productive shales of the Beetaloo Sub-Basin extend into our EP187 tenement at depths and thicknesses ideal for petroleum development.
“The thickness of the Velkerri Shale in our initial priority target area exceeded our expectations, as has the depth and thickness of the Kyalla Shale, thereby opening an additional liquids rich play for Empire to explore and appraise.
I'm pleased Ballard Power Systems is going well for you Ultra. I like the idea of hydrogen cells as opposed to other alternative technologies, I enjoyed the comment on their website written by Benny Sims 1/17/2020, 2:23:40 PM
"If Elon Musk does not like "Fool Cells" then it MUSK-Be-Good! Ballard as a company is everything that Elon wishes he could accomplish but can't. The state of charge (Elon's lack of leadership) is getting very low at Tesla"...
Now that made me chuckle!
POQ quotes 'The JV remains positive about the potential of the Lower Kyalla Formation, resulting in the decision to continue with drilling operations'. Will the JV have learnt more information from the 700m horizontal, and will this length also be fracked when the time comes -will there be any positives that can come out of this 700m horizontal?
Unprecedented rainfall has poured down across the Top End, with one island off the coast of Darwin recording a potentially record-breaking 562mm in 24 hours.
Key points:
The tropical low system bucketing rain on the Top End is tracking towards WA and is expected to develop into a tropical cyclone on Saturday
Communities in the Kimberley are bracing for heavy rainfall and winds of up to 100kph
The BOM said the rainfall had likely broken Northern Territory records
The deluge came as Darwin and Northern Territory communities remained on cyclone watch late into the week, before a tropical low system released heavy rain off the Darwin coast.
https://mobile.abc.net.au/news/2020-01-11/darwin-nt-drenched-as-dum-in-mirrie-cops-record-rains/11860160?pfmredir=sm
Shell Australia has announced a “significant” gas and condensate discovery in the Browse Basin off the North West Coast of Western Australia.
The find was made through the Bratwurst-1 exploration well, which was said to be successfully concluded after a 78-day campaign. The discovery is located 99 miles north east of the Shell operated Prelude FLNG facility and presents an opportunity for a future tie-back to Prelude, according to Shell.
No figures were released in connection with the discovery, but it was said to support Shell’s growth plans for “more and cleaner energy, with LNG being the predominant focus for Shell in Australia”.
“Gas is a core component of our strategy to provide more and cleaner energy solutions” Zoe Yujnovich, executive vice president of Shell Australia, said in a company statement.
“Today’s [Friday, December 20] announcement shows how, through exploration, we are building a strong pipeline of discoveries to support our assets in Western Australia,” Yujnovich added.
Shell has had a presence in Australia since 1901, according to its website, which states that Shell Australia has a record of investing in large projects.
In October this year, Shell’s QGC business announced that the 500th cargo of LNG had sailed from its LNG plant on Curtis Island, Queensland. In June, Shell revealed that the first shipment of LNG had sailed from its Prelude FLNG facility located 295 miles North East of Broome in Western Australia.
https://www.rigzone.com/news/shell_makes_significant_find_offshore_australia-23-dec-2019-160645-article/
Is LNG Actually The Future Of Energy?
By Anes Alic - Dec 22, 2019, 12:00 PM CST
Drillers and investors who are getting pummeled in the threadbare LNG market might not be sold anymore on the idea that natural gas is the fuel of the future, but it’s not only the future: It’s the key to every major global energy strategy in the world right now.
It’s the key to dominion, and there’s every reason to be patient....
Yet, against this rather depressing backdrop, to be narrowly rational and overly focused on the short-term outlook could mean leaving big money on the table.
Gas demand continues to grow at a torrid pace (4.9% in 2018, the highest clip since 2010), while big-time infrastructure spending continues to flow into the industry (~$360 billion in 2018)--low gas prices be damned.
https://oilprice.com/Energy/Energy-General/Is-LNG-Actually-The-Future-Of-Energy.html
Gas as a sustainable resource
The sui generis credential that makes natural gas a standout amongst fossil fuels is its sheer potential to mitigate climate change.
When used in power generation, natural gas emits ~50% less CO2 than coal and 30% less than oil, not to mention that it results in negligible emissions of nitrogen oxides, (NOx), mercury (Hg), sulfur dioxide (SO2), and particulates.
The sobering reality is that as much as we would love to quickly ramp up our renewable energy initiatives and put fossil fuels out of business, we simply won’t be able to do so fast enough to keep up with rapidly growing energy demand. The fossil fuel trifecta of oil, natural gas and coal supply 80% of the world’s energy and have cemented themselves as powerfully incumbent technologies greatly favored by “system inertia” i.e., the resistance to change.
The EIA estimates that natural gas will maintain its current 22% slice in the global energy market by 2040, whereas the fraction by oil+ coal combined is expected to fall quite dramatically.
https://oilprice.com/Energy/Energy-General/Is-LNG-Actually-The-Future-Of-Energy.html
Good to hear of your optimism, let's hope for all of us here that the ship comes in, no matter how many or how few shares we hold, this means as much to everyone of us who have their faith in FOG and everyone involved in the Beetaloo. Good luck to them and us all.
Eyedocs recent post just about summed up the valuation, which read as follows:
"I understand that the price of this stock doesn't follow any reasonable logic, and even considering
its current stage of development, it amazes me that the market values our 30% at about $80/acre". It appears the Beetaloo is highly regarded by many, but not yet by the city. All we can do is wait for Origin to prove up some very large numbers, maybe then the city will wake!
It's great to hear that Origin and POQ are positive on the Kyalla drill, so far so good. We just hope the shale will release the commercial volumes we need. Some investment advisors are saying that the short term Outlook for gas isn't great as prices have bottomed out, but the long term forecast looks very good. I wonder if this Outlook will influence what happens to FOG moving forward, and would POQ chose to sell off the Kyalla area, if successful, to raise funds to prove up other areas hoping that the sell off price may well be better. This dilemma will be a nice situation for us to be in, and may give us the opportunity to maximise our retunns.