Which moment? It's not about reaching that 2-3-4 mcf level even though those milestones will show promise.
It really comes down to Ashmore intentions at this point.
FEEC scurrying to dewater for rapid production increases just as prices rise. Perhaps they didn't see enough incentive to rush it before subsidy increases? Would like to see the other potential subsidy increase bring the FEEC take to $11. Production ramping as prices rise is a nice amplifier.
Dynamics changing in a hurry here but they likely need some Ashmore cooperation to get it done. Are they looking to build something or not?
CBM space in China is hot. The biggest player, Green Dragon Gas, saw some 1500 wells drilled on their properties by large domestic players when licenses were in question. Now they reap the rewards as their licenses are confirmed.
It shows the attractiveness of the sector, if nothing else.
I bought a load of this one today.
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