Re: N.S.A.I. final report completed before this January end
in response to
by
posted on
Jan 15, 2010 10:36AM
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Life. And I think we have more to look forward to(ofcause:) But results may come from even more of the other companies as well. There is Talisman conferense call now at the 10 of february, but we know they will spend above $5 Bill. alot of money, on their operations and like others have said, that maybe they want to expand the drillings here on qec land more, depending on results and market conditions.
I just read about the barnet shale, that it's not economic below 4.04$ Ok, I'll post some of it:
"if the price of natural gas falls sharply in 2010, this may cause Carrizo to reduce its capital spending in the Barnett Shale. This is a higher-cost basin than other shale plays in North America, and if natural gas prices drop suddenly, the area may see reduced drilling. The Barnett Shale needs a natural gas price of $4.04 for operators to break even, according to Bentek Energy, a research firm".
TLM has said that they want to be experts on shale, so I'm crossing my fingers for them, that they'll be really good. As I understand, It's not just a walk in the park to do these drillings right, so let's hope they get a very good learning curve, this is very important, I think it was on the Gastem site(but it could have been on the qec site, the PDF files) I have looked this curve and you can see how much influence it has on costsavings also.
Maybe they could get as low as 3$ this year.