"First i have never posted before,, My lease is coming due.. i am in a shell dominated area.. shell did offer to release.. but at a very reduced rate from the original lease ( east)"
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Got some insight yesterday
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I was in a private placement meeting yesterday on gas and oil. This was my take away for gas:1. Because of the large amount of money invested to lease land, drillers ran out of capital. They tapped…Continue
Started this discussion. Last reply by tony hughes 7 hours ago.
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Joseph-Ohio replied to Sam Hopkins's discussion 'Got some insight yesterday'"They mean MCF (for 'Thousand Cubic
Feet') - I've been letting that slide.
For info. 'CFM' is an abbreviation commonly
used for 'Cubic Feet per Minute'."
Sam Hopkins replied to Sam Hopkins's discussion 'Got some insight yesterday'"Shell has the option to renew at the lease signing price. It is a protection for them, to stop the upward momentum of lease prices. This is not what they have to offer you. They can come back and say we are not renewing at that price but we are are…"
Joseph-Ohio replied to Sam Hopkins's discussion 'Got some insight yesterday'"Dan, I think we agree more than we disagree.
I'm saying eliminate the subsidies that nurture the economies of foreign states.
Defense is Defense - any nation that wants take us on / decide we are enemies / attacks us will always be dealt with…"
Glenn Armstrong replied to Sam Hopkins's discussion 'Got some insight yesterday'"Sam, Are you saying Shell will not excercise their option to extend the leases at the same terms?
Or is it your belief that this will only apply to so-called Tier 2 companies?
You make some pretty heavy statements regarding all of this. May I ask…"
Sam Hopkins replied to Sam Hopkins's discussion 'Got some insight yesterday'"No, Shell is tier 1. They have the finances to drill when they want. I am talking about Tier 2 having no capital. However, the other effects of my post are affecting Shell.
"
Joseph-Ohio replied to Sam Hopkins's discussion 'Got some insight yesterday'"Fix it.
Do what it takes to fix it.
No more stalling the recovery.
My opinions.
. (That's a period)."
fracking good replied to Sam Hopkins's discussion 'Got some insight yesterday'"to say Swepi (Shell )or any large O/G co. cant drill becaure they lack the capital? Take a look at thier financials, they can buy and drill anywhere. Drill rigs and infrastructure are there limits to getting oil and gas to market"
Sam Hopkins replied to Sam Hopkins's discussion 'Got some insight yesterday'"Hey, I'm not here to argue either way. I could care less. I was at the meeting and thought I would pass along the info I got. They are a no joke company. Take it for what it is and add it to your diligence.
In reference to your response…"
fracking good replied to Sam Hopkins's discussion 'Got some insight yesterday'"again misleading, your source (or you) is downplaying the importance of this emerging energy source while investing 1.5 billion, so you say. The Russians (Putin) supply 30% of europes natural gas needs at 4 times our rate and are…"
Dan replied to Sam Hopkins's discussion 'Got some insight yesterday'"I agree with your assessment of all the subsidies you mention, I feel the same about subsidizing the conversion and/or use of any energy. If energy companies get incentives to harvest, get rid of those first. Less production is…"
Sam Hopkins replied to Sam Hopkins's discussion 'Got some insight yesterday'"BTW, don't shot the messenger. This company has 500M invested and are raising a 1.5B round so I tend to at least listen to what they say."
Joseph-Ohio replied to Sam Hopkins's discussion 'Got some insight yesterday'"'There is no other large use for natural gas now.'
Exactly, and I think our country needs to change that to create a large domestic use for our natural gas !"
Sam Hopkins replied to Sam Hopkins's discussion 'Got some insight yesterday'"They did talk about plants to export but they said that the supply is so over demand that it did not matter. Meaning, sure these plants can come on eventually, but if they export .0005% of yearly supply, they don't matter in the grand scheme of…"
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