RE: Predictable Cash Flow?2 Apr 2022 09:50
@damofarl 00:42
Great post and summation o DEC. I would like to add onto your super post a little just say that in my opinion to the greens i think, that DEC is a double edged sword from the old days of doing things with a new way to make it far less a climate problem, yes we know that these previously owned and bought up old dilapidated gas wells even the trickiest tiny producing under the USA legislation allowed to before being plugged plus revitalising the reworked ones that are now part of our bread and butter which are more efficient and less likely too leak. Among the 67,000 wells DEC own, more than Exxon Mobil have had (some bought from them too) these are from the article not long ago posted on old wells that leak methane from previous owners. This is where DEC i feel should be or are the lesser of the two evils in the greens eyes and a Necessary one at that, DEC is over promising and walking the ESG walk on fixing the more prioritised leaks as best as they can find them (now with more extra hands to do third party work) but with so many of those 67,000 wells probably a few are really not worth producing and leaking methane at a cost to DEC and the environment with in DEC’s vast expanse of gas wells some might think its too much for them to handle, but i say now with more extra third party as well as there own this I’m sure will expend to deliver more than the ESG promise as the now more urgent transition of using gas for the foreseeable future into renewables like solar, hydrogen, fission reactors even new breakthrough tech involving quantum Absorption and other new amazing energy climate saving machines.( i heard just by recoding bitcoins mining could reduce the C02 affect from the energy used by a significant amount) and ( Petroteq Energy’s new C.O.R.T process that can mine, clean and resell the tar sand which is very much in demand, and it doesn’t need to use water and recycles the chemical used in the closed loop system unlike the old outdated methods used in Canada’s toxic tar sand industry where we have a toxic legacy of tail ponds that need cleaning up ( PQE cort process can be used to remediate this problem) the two most use resources on the planet is water and sand which are being wasted away be inefficient industry and bad practices. So you can see where PQE magic sauce tech can fit in, just for an example..
Sorry if i seemed to go of from the point at hand as writing or dissertations are not my forte, and damofarl has written a different perspective piece of pointing out many things on DEC. These posts all add up to help in their own way.
Dazzle
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