BUR 1.47% 6.7¢ burley minerals ltd

The lack of drop off in gas prices might also be a factor - if...

  1. 2,988 Posts.
    The lack of drop off in gas prices might also be a factor - if they are rising up to $11 less than a couple of weeks out from summer then it may hit crazy prices next winter - jut had a look through a few US energy analyst and gas industry sites strongly pointing to a supply deficit in the coming year with significant further rises likely a companies try to replenish stores prior to the next winter - that seems to point one direction - further increases to close the gas-oil price differential. I've seen predictions ranging from maintaining the current $11/MMBtu up to $16/MMBtu within 12 months.

    It certainly is very promising and makes wells that may have been marginal (YPU1, Rocket2, Jet3) into potential healthy earners, and great wells like Marlin sensational.

    I suspect gas price futures for summer being so high (well above last winter's prices) are a strong factor in reviving the Marlin project earlier than previously stated.

    What did people make of flow rates? I read that they are still getting around 10 mmcf/d form Marlin 2 - which is sensational given the rate of drop-off in other wells.
 
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