gas pricing varies from area to area unlike oil which is more fixed in price. I am deducing that must be because of the nature of the 2. Oil, being a liquid, can be barrelled up and transported around the world. Gas, by it's nature, is not as easy. Therefore gas sales are more dependent on local demand. Energy in china, as we saw from Noellyn's post, is rising in cost due to demand. That augers well for MPO.
also here is a useful chart that Poyndexter sent me.
1) 1PJ = 1.1bill ft3 of gas (as in say coal bed methane) 2) 1PJ = 169,825 barrels of oil equivalent (boe) 3) 1PJ = 22,926 tons of oil equivalent (toe) 4) 1PJ = 34,218 tons of coal equivalent (tce) 5) 1PJ = 31,107 m3 of coal (ie 1 hectare x 3.11m seam)
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
