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Gas futures in alberta are below $2 for the remainder of 2024, I don't know how they project it to be $2.5 for the whole year. The guidance doesn't make any sense and it looks like it will be lowered/worsened already in Q2
"Yes the ministry of oil is saying they are ready for export. ", but the question I have is, will the export Kurdish oil or other Iraqi oil? Because last week(s) there were news reporting works on the segment of the pipeline that avoids the control of the KRG.
This is worrisome, could you share the source, please? I decided to sell this morning. It is bad enough that the pipeline is shut down, I don't want to be exposed to a possible fine/scandal of international oil smuggling and, potentially, briving to local or custom authorities, which is something that oil countries take very seriously.
Here: https://www.bnnbloomberg.ca/iraq-says-resuming-kurdistan-oil-exports-will-take-some-time-1.2062167
I thought there was going to be an announcement, anyone knows what will be announced?
https://www.bloomberg.com/news/articles/2024-04-22/iraq-says-resuming-kurdistan-oil-exports-will-take-some-time
Thanks for the clarification
OSLO, April 17 (Reuters) -Norway's Statfjord A oil and gas platform in the North Sea was hit by a fireearly on Wednesday, which was put out after about 90 minutes, operator Equinor EQNR.OL said.
Production was already shut due to maintenance when the fire broke out, a spokesperson said.
Workers were not evacuated from the platform during the incident, Equinor said. Local news reports had previously said workers were evacuated.
https://www.xm.com/research/markets/allNews/reuters/norways-statfjord-a-oil-and-gas-platform-hit-by-fire-53814641
Shell doesn't trust Steve and has demanded conditions that I haven't seen before, that says it all. This company isn't professionally managed. Steve is a technical guy, not a CEO. They need to get some new executive team if they want to give this company a future.
Go through the accounts and you'll see for yourself. How many raises have they completed since the IPO? It's a 3 guys company
They have to pay back to Shell and they have burnt money like teenagers
And it will be gone soon
The sidetrack to the 36-2 is going to be the most studied and prepared well ever, they have been working on it for months and CH cannot yet give a proper schedule. A summary of Zephyr: Run by amateurs, at the mercy of the insurance company and, soon, a painful financing.
A RTO has to be approved by the shareholders
If JSE is selected as preferred bidder, then the whole process will take more than a couple of quarters. The acquisition would be officially closed after Akatara's first gas, which will increase the current RBL. Additionally, Jadestone can also negotiate with the banks and include the 2 new assets into the RBL, increasing it even more. The key here is to know the terms (if JSE is successful), which will confirm that the return is well above the cost of the capital (10-12% rate) required for funding the transaction.
I'm pessimistic about JSE's buying these assets, but I'll gladly accept I'm wrong, if JSE proves it.
Charlie, if this goes through, there are 2 different assets involved: Pyrenees (oil) and Macedon (natural gas). So no asset will be responsible for 60% of the group's production. Besides, Akatara's natural gas hasn't still reached first gas, and it will help in diversifying production even more.