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Thanks for the update bull
Jim
Blind I totally agree Bull has my vote
Jim
Morning Bull, Jim here thanks for the update
Can someone provide the new IR person name and contact information? TIA
Bull, I will come to west texas week of feb 4-8 if that is ok
This could be good for Treaty
EIA: Supply Issues Lifting New England Natural-Gas Prices
Jan 18, 2013 7:06 PM EST
Lower supplies from locations as diverse as Nova Scotia, Yemen and Europe and strong demand are lifting New England natural-gas prices and will likely mean a winter of volatile prices for gas and electric power, the Energy Information Administration said Friday.
Since November, the EIA said, average spot-market natural-gas prices have been the highest in the U.S. Prices at the Algonquin, Maine, city gate, a regional benchmark have posted premiums of $2 to $3 per million British thermal units above the national benchmark at Henry Hub in Louisiana and the average at the Transco Zone 6 pipeline in New York. Typically, Algonquin and Transco Zone 6 prices are line, the EIA said.
EIA said Algonquin prices averaged $6.40/mmBtu, or 50% above the Transco Zone 6 price in the last two months of 2012, with volatility continuing into January.
Higher prices may be needed to pull supplies into the region, in particular supplies of liquefied natural gas, that are fetching higher prices in Europe.
A steady decline in gas supplies from lower output at Nova Scotia's Sable Offshore Energy Project and lack of space on pipelines from the west and south, add to challenge in getting supply to the region, the EIA said. Sable output, "a fraction of its levels in previous years," was in October about 30% below the average in the first nine months of 2012, the EIA said.
The start of Encana Corp.'s Deep Panuke offshore natural-gas project, which could have offset some lost Sable supply, has been delayed from early 2013 to possibly midyear, the EIA said. Stronger demand in Canada also has limited available supply from Sable, the EIA said.
"LNG shipments into the Boston area and New Brunswick, Canada, declined in 2012 because global market conditions have directed shipments elsewhere, and because of supply disruptions in Yemen," the EIA said, where attacks on pipeline infrastructure have affected operations at a key gas liquefication terminal.
"Recent forward market prices indicate that New England's high natural-gas price could persist and rival northwestern European prices, especially this month," the EIA said. "In that case, New England may receive spot cargoes of LNG."
Because of a lack of local storage facilities, high-season demand, especially in winter, and a lack of locally produced gas along with remoteness from the rest of the North American gas-transmission grid, New England has historically relied strongly on LNG imports, including supply from Trinidad and Tobago and Yemen.
The EIA said since November 2010, 25% of New England's daily gas demand has been met by LNG, and it has spiked to as high as 60% in winter.
The supply snags come as natural gas for power use is rising in New England. The EIA said gas use for power generation in the region was up 3% from a year earlier in the first 10 months of 2012.
Write to David Bird at david.bird@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Call and ask them!!!
Bull,
I totally agree with everything teco has going on it is about to get really noisy around here
What does that mean junk?
Lets see coin TNC drilling moving their rig onto Treaty's lease. I say just watch for the delivery.
BB why worry I thought you said this is dead!
I think what you are saying is once Pistol Drilling starts a well. They are there until it is finished. They have the equipment and man power to start to completion. It is all a turnkey operation all about time and speed. Am I correct on this.
Well it looks like Belize Superbond has been settled :
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Tuesday, January 01, 2013
Belize finally reaches agreement with creditors
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After defaulting on its debt to bondholders in August and two failed renegotiation attempts, the Belize government has reached a debt restructuring agreement.
BELMOPAN, Belize, Thursday, December 27, 2012 – Belize Prime Minister Dean Barrow has announced that the country has reached an agreement in principle with creditors to restructure about half of its unpaid debt after "long and arduous" talks.
Barrow told a recent press conference that details of the restructuring of the US$548.3 million bond would be released at a later date but he described the agreement as “comprehensive” and “sustainable".
Belize missed an August 20, 2012, US$23 million coupon payment on its US dollar Step-Up Bonds due 2029 and earned itself a sovereign credit ratings downgrade from Standard & Poor’s, which deemed the Caribbean country to be in default on its debt. In September Belize made an US$11.7 million interest payment, although not within the 30-day grace period given by bondholders it still earned it a 60-day reprieve from bondholders. Major creditors agreed to refrain from taking legal remedies against Belize to allow restructuring negotiations on the US$550 million superbond to continue.
During that period Belize released two restructuring proposals on November 29 that asked creditors to forgive 33% of what they are owed, or allow the country to delay debt payments for 10 years but both proposals were rejected by creditors at the time.
Mark Espat, leader of Belize's negotiating team on the debt restructuring, has said that there is now an in-principle agreement with the Creditor Steering Committee and details will be ironed out in the coming days. He explained that details of the deal could not be made public until they were explained to all of Belize's creditors.
Negotiating with Belize is a creditors' committee comprised of Greylock Capital Management, Steadfast Insurance Co., Capital Markets Financial Services and the Trinidad and Tobago Unit Trust Corp., as well as an ad hoc group consisting of 20 institutional members. Together, the committee and ad hoc group represent over US$338 million of the bonds outstanding.
According to The Wall Street Journal, a committee adviser who asked not to be identified said: "The committee is pleased with the progress of the negotiations over the past few weeks and will now be working with the members of the ad hoc group and the government of Belize to achieve closure."
The Step-Up Bond is said to represent approximately one-half of Belize’s total recorded public indebtedness. Click here to receive free news bulletins via email from Caribbean360. (View sample)
Read more: http://www.caribbean360.com/index.php/business/649131.html#ixzz2GksNUCh7
Happy New Year Bull
This is old news already happened it is trading now. Why post this again?
Is RRC numbers out?
Hey Bull that is great news!!!
Done like with audited financials? Done like closing another contract? Done can mean a lot of stuff!
I agree Bull not only have the rigs been PRed drilling but investors have observed rigs drilling, but people keep saying this a scam amazes me too my friend
Jude agreed I have reached out to Tom couple times and have found him very approachable
Really insider trading since the company PR the oil find I believe back in January of this year if you have not bought in by now since the company went PUBLIC with the news it your own fault my friend.
Here i thought visiting or going company was called DD or going the extra mile on where I am investing my money. So large investors or companies looking at buying into or taking over a company can't go down and investing what they are buying humm that's a little concerning to say the least
Does anyone have contact information for SEC person in charge of SGLN. It was posted when the stock was halted but can not find it now TIA
Agreed Jude
Do anyone have the GPS for well in Shelby county TIA
Here you go it needed approval from GOB:
The technical content of this announcement has been reviewed and approved by William Kelleher who has been a member of the Society of Petroleum Engineers for 27 years, as well as the Government of Belize
End of rumor or misleading statements please
I do not believe it was suggested my friend. I believe it was the company in a PR that STATED all news releases would have to go thru GOB approval before release. The reason why is left to Treaty and GOB anything else is rumor or a misleading statement.
Bull can I call tomorrow afternoon about West Texas
Jim
Thanks!!
Jim
Bull do you need company when you go to west Texas let me know?
Blind I am so ready for out Christmas present from TECO my friend
Thanks
Jim
It is in filing
The Registrant’s quarterly report on Form 10-Q for the period ended September 30, 2012 will be filed on or before the fifth calendar day following the prescribed due date. The reason for the delay is that the Registrant is waiting for certain information from a third party.
I agree something is ticking, pun indeed.
It is my understanding it is 5 calendar days, weekends included.
Bull, I hope I put that right for you
Just got off phone with Bullmarket he said he is out of post today
He has presented these questions to Andrew going back tomorrow to TECO to talk to Andrew about them.
Jim
I agree
And we seat below .03
Agreed
Crude oil inventories dropped by 2.5 million barrels, they were expecting a build.
Crude prices up $1 so for today.