Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I printed out the WTI average for the quarters mentioned and realized price was WTI - $8 for both of them. Just by looking at the plain text.
Why would they in an economic report give us revenue per product where hedges are not included?
I understand royalties but there are also indications that q4 opex are higher to lower the future costs in the comments. That is why I lowered it a bit, but not that much.
I expect the reported ”realised price” for I3 is accounting for lower hedges etc. For both q3 and q4 we have WTI - $8
So I guess the discount will be a bit higher in q1 when hedges have been more off target.
But this also highlights gas once again, gas is
Last message.. Gear must be reporting in canadian dollars, anyhow the ratios are intact. The hedge at 46.93 USD in february for propane proves we were quite safely above that in Q1. (According to RBC propane trades at $53 yesterday)
Sorry Tony, but that cannot be true.
You have the prices listed in the last report where NGLs are priced 50% to the oil price for both Q3 and Q4 last year. (I know we are not exactly WTI but close)
Also take a look at gear energy report today:
light/medium oil $110.32
NGL $63.88
Gas $4.64
Q1 Will be Amazing even with some production hedged
EU gas trades at almost $180 per BOE (peaking $600 last spike), in US $42 per BOE.
First of all, do you think you prioritizing storing gas in US right now or do you do whatever it takes to get the gas to europe somehow to monetize on this?
There will be no gas next year… we see the issue but do nothing about it.
I hear talks of banning russian gas is the next step. Its impossible
High gas prices are here to stay.
And to mention NGLs which trades at 50 USD (~40% up from q4 average)
I3 might need you to go a bit into detail to evaluate, but it sure as hell is lucrative.
Q1 Will be amazing, but Q2 Will be even better looking at it (april gas is up 25% against q1 average)
Letse go!
I was kind of expecting a RNS today swing that test results are getting out on twitter already…
i3 energy $ite.to Glauconitic fm. 2 mile HZ gas well (Open creek) early results via alberta public data (to mar 31/22):
103/14-24-042-05W5/00: 10 days of production; 50 BBL/d Condy, 2.6 MMSCFPD gas, 486 BOEPD.
102/13-24-042-05W5/00: 74 BBL/D condi, 2.9 MMSCFPD gas, 555 BOEPD
Well the prognosis is based on the lowest estimated result (700-2400) and we have a 50% share of that = 350 BOPD per well, the estimations are very cautios and I believe we will get better results than that
Whats interesting is that gas futures on gasalberta is above $6 CAD until march 2023.
I would never guess we would retrace when the commodity we produce is up this much in the same period.
I’d love the results from the q1 part of the capital plan (9 wells net 11 in total) and then the q1 financials :)
NS isn’t even in my scope, its just a lottery ticket we get for free
More importantly alberta gas is currently $6.90 CAD and we have majority of the production of it.
Arrow should be soaring
11 MUSD… yikes