Since Nat gas is priced from the price of Brent Oil, you might see a trend back up now that China has allowed its people to move about. Oil is said to hit $150/Brl. No one is increasing supply. Saudis still say No No. Russia is off limits because Putin is the boogyman.,
Remember, most nations had topped off their gas supplies prior to this winter. This consumption was expected and won’t see a surge in demand till spring.
The Green agenda is DOA. But Nat Gas and nuclear will become the go to fuels gir the next 20+ years
Money around the world is looking for energy as a safe haven as World currencies implode..
Europe has even deeper issues. The Euro can’t survive, or Japans stuff. Not sure what Putin is going to take? I pray he stops with Ukraine. He’s playing a very long game with NATO and the DAVOS crowd. Chinese style. That will keep Europe buying from others like the US and TRLEF. Demand won’t stop. It will only grow unless Europe goes back to coal. How dare them!
Wait for these price caps to kick in end of Jan. That will only run the price up from a further decline in production.
By then, TRLEF will have this well producing and on to the next.
At some point we are going to justify a second or third rig. Alan never speaks on that.
These 17 wells were previously drill for oil. The heavy work has been done.
And has anyone heard of any problems other than the old wire line left in that one well? Even that took just a day to clean up.
Pray for continued smooth sailing.
Turkey is the geopolitical fence sitter in Europe. I bet they become a BRICs nation. Hell, they’ve bought enough gold, in NATO and open trade with Russia. They won’t take sides over world drama today. China won’t affect them once they activate its war machine.
We are in a sweet spot at the right time. And we know the area is loaded with gas/Oil. 200+ years of supply untapped.
Great price too.
