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17.0¢ comet ridge limited

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Blade2008

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06/02/24

21:41

Post #: 72271532
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Originally posted by Shistonsou.: ↑

Evening all

here he is again giving us the best synopsis available of the east coast gas situation.

Ultimately a tailwind for comet ridge and any GSAs signed.

From Sam Berridge -

“Flows out of Longford, which supplies ~70% of east coast domestic gas demand were down -27.3% year on year for the month of January, contributing to the tick up in spot gas prices, now trading around $12.30/GJ - https://lnkd.in/giqBMMkZ

Again I highlight an often overlooked point in this energy transition debate; while gas demand will fall, domestic supply is falling faster. That means without LNG imports the east coast will run out of gas. Once the imports start to flow, we're looking at ~30% increase in prices and a 15-18% increase in emissions for imported molecules. Otherwise known as a lose-lose.

If we have a normal to cold winter this year, like the northern hemisphere is having at the moment, could be cold showers in July. The utilities are suitably concerned. https://lnkd.in/gqNnZ_uQ

Six to twelve months after the government went full Venezuela, and attempted to lower energy costs by capping prices, every meaningful domestic gas producer has an exemption to the $12/GJ gas cap. Including Woodside Energy and ExxonMobil.https://lnkd.in/gRkApGij
The downside of this backflip is all the rigs which were booked for 2024 and 2025 were cancelled, then slowly re-booked for 2026-27 as exemptions were granted.
So sure the gas cap might of provided some relief in 2023, but consumers are going to be paying for that temporary relief in the near term.”

i know I sound like a broken radio and I’m sick of myself to be honest with you all, but I find this domestic gas situation astonishing.. hopefully it’ll be raining 100 dollar bills come June

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so many Junes have come and gone….. it it just another June? Then the next one?

im holding but just can’t believe how not much moves the share prices. I just don’t want us to get diluted (to build gas field) and then the max value of stock to be maybe $1b at 30 cents

COI Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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Last 17.0¢		Change 0.000(0.00%)		Mkt cap ! $188.3M

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100% break out, page-153

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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100% break out, page-153

Top Stories

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Utah authorities sign off on Anson's lithium extraction plans at Green River

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