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Re: Gator44 post# 1484

Friday, 03/31/2023 10:30:49 AM

Friday, March 31, 2023 10:30:49 AM

Post# of 1862
Well #5-8 is where the true investors come in. We are early to the party. That .24 dip was a gift of showing up early. Wish I got more. Only 7k down there.
I want 50k of this going into #5-8

Getting there slowly. The wait does suck, but Art keeps us well informed. In 2 weeks they will be deep into finger F’king well #5. That area has been drilled in past years. A little deeper, but I’m expecting no big surprises. They took a lot of oil from there, ignored the gas. Trillion will make easy work of those old wells.
#5 excites me.

Turkey is heading into elections. I hope this dude keeps his job. He’s a cool headed thinker. Regardless who gets in, Turkey wants to be the energy supplier to Europe.
The Nord stream bone head move kills supply for everyone on Earth. Turkey is a friend of Putin and a NATO country. Best of both worlds in todays dramas.

Watch Biden bomb Qatar for his act2.

Even if Trump gets into office and opens up all oil&gas production to crater prices and bend putins knees, that will take years to ramp up. We’re still good till 2025. Pure gravy train.
All nations want those 20year contracts at cheap rates. Today is spot price only. Too much uncertainty to saddle in on those old long term deals that gave LNG its $5 to $200 price run.

Nat gas will have a solid decade to bank.
The second rig is insurance.