Arrow Exploration Share Discussion Threads

[swanvesta] 26/8/2024 20:56

Does this sort of thing affect Arrow at all?

[mount teide] 26/8/2024 20:29

Thanks Ex - your version is more polished and reads better!

[extrader] 26/8/2024 19:15

Hi MT,

.."Exxon's forecasts should make sobering reading across the energy 'transition' obsessed West and, MUST be considered [recommended] edit : REQUIRED reading for our clueless Socialist government...."

Happy to fix that for you !

;->

ATB

[mount teide] 26/8/2024 13:46

Flying start in Canada(62 cents / 34.8p) - results news from the third horizontal tomorrow and/or the strong upward movement in the oil price?

[the_gold_mine] 26/8/2024 13:46

Up 5% in Canada looks to be, 0.62cad... 35p equivalent according to yahoo. I'm expecting fireworks this week AIMHO / DYOR

[tom111] 26/8/2024 12:38

Normal trading in Canada today my guess it will be ticking up ready for results this week

[rockyride] 26/8/2024 11:33

Albeit for the wrong reason, Brent is up $2 on the day and just broken through $80 again and this is quite timely for our imminent update on our current drilling program.My money would be on a HZ4 update tomorrow or Wednesday and then the H1 update following as a separate RNS on Friday.I'm fully expecting a new strong all time high share price by the close of markets at the end of the week.As you know, I'm useless at trading and it's not for me but if we don't get a 7am update in the morning, I think there's money to be made buying in tomorrow and selling on Friday. Let's see.

[tom111] 26/8/2024 11:25

We use the same oil and gas but rather than produce it our selfs we import it, sounds a great idea and lose jobs in the meantime,you couldnt make it up.
Oil picking up steam again this morning over $80 nice just before the RNS

[mount teide] 26/8/2024 11:02

After huge, economically crippling, business destroying increases in energy costs and blackouts, in an effort to urgently bolster energy security, New Zealand, after ideologically testing expensive, unreliable 'renewable' energy to destruction, has been forced to slam on the brakes and reverse the ban on O&G exploration enacted 6 years ago!

As some of us have been writing about here for many years this decision was entirely predictable. Our clueless, woke, eco-loon Socialist government should take note, as it's only a matter of time before they will be forced into the same humiliating action ......likewise Colombia's Socialist President.


New Zealand to Reverse Ban on Offshore Oil and Gas Exploration - Oilprice.com today

In a bid to bolster energy security, New Zealand intends to pass legislation by the end of 2024 to reverse a ban on offshore oil and gas exploration that has been in place since 2018, the government said on Monday.

The cabinet has committed to act with urgency to reverse the ban and remove regulatory barriers to the construction of critically needed facilities to import Liquefied Natural Gas (LNG) as a stopgap.

New Zealand also plans to ease restrictions on electricity lines companies owning generation and improve electricity market regulation, the government said in measures outlined in an urgent action plan to boost energy security.


Earlier this year, the coalition government said it would introduce a bill in Parliament in the second half of 2024 to remove the ban on petroleum exploration beyond onshore Taranaki as part of a series of proposed amendments to the Crown Minerals Act.

New Zealand’s natural gas production dropped by 12.5% in 2023 and by a further 27.8% for the first three months of this year, creating a nationwide shortage, according to government estimates. This has resulted in reductions in manufacturing output, while electricity generators have resorted to using more coal and diesel to power the electricity system.

“New Zealand currently has an energy shortage. The lakes are low, the sun hasn’t been shining, the wind hasn’t been blowing, and we have an inadequate supply of natural gas to meet demand,” Energy Minister Simeon Brown said in a statement.

The inadequate energy resources have pushed up wholesale electricity prices, which are “devastating for our manufacturing and export sectors, and is sadly leading to firms reducing production or closing entirely,” Brown added.

Resources Minister Shane Jones noted, “Oil and gas explorers need to have the confidence to invest here and know they will have a key place in New Zealand’s energy sector now and into the future.” '

[tag57] 26/8/2024 08:21

I wonder if the index takes into account shrinkflation too?

[tim000] 26/8/2024 07:05

Interesting theory, buffy! I have certainly learnt something new today.

[buffythebuffoon] 26/8/2024 06:59

‘ MT, the official CPI index is well constructed and does its best trying to summarise daily price changes in millions of consumer products. It implicitly assumes people change their buying habits when relative prices change, ie they buy more cheap stuff in preference to expensive stuff. This continually reduces measured inflation, and probably mirrors real life behaviour. It may be that you don’t do that, so your personal inflation rate will always be higher than the official figures. I don’t know whether your personal inflation calculator also has this feature in its construction.’

Well, you learn something new every day.

In this case, it’s that a poster doesn’t know MT on the O&G company boards. 😂

Buffy

[tom111] 25/8/2024 18:16

What ever we will get a reaction tomorrow

[rckillco1] 25/8/2024 17:48

Canada open

[tom111] 25/8/2024 17:40

Asia and USA open

[jailbird] 25/8/2024 17:09

Market closed for on Monday though

[tom111] 25/8/2024 08:59

After the events over night in the Middle East would not be surprised to see oil spike tomorrow

[tom111] 24/8/2024 14:16

Now you can see why they cancelled the triple lock for OAP they can see whats coming cynic that i am.

[joey52] 24/8/2024 11:07

Closed at 0.59c on TSX, which equates to 33p

[tim000] 24/8/2024 10:33

MT, the official CPI index is well constructed and does its best trying to summarise daily price changes in millions of consumer products. It implicitly assumes people change their buying habits when relative prices change, ie they buy more cheap stuff in preference to expensive stuff. This continually reduces measured inflation, and probably mirrors real life behaviour. It may be that you don’t do that, so your personal inflation rate will always be higher than the official figures. I don’t know whether your personal inflation calculator also has this feature in its construction.

[mount teide] 24/8/2024 10:12

Long history has shown once the inflation genie is out the bottle in Nations particularly with socialist governments, it is extremely difficult to put in back in.

In 1975 UK inflation peaked at 27%, dropped to 8% by 1978 and then peaked again at 18% in 1980.

Plus Government's of all political colours are notorious for using inflation monitoring systems that are biased to materially under-report inflation.

Last time I used a personal inflation calculator created by a retired actuary, it came out nearly triple the CPI.

The BBC Personal Inflation Calculator currently has my rate at a laughable 2.1% over the last year!

[11_percent] 24/8/2024 09:56

What can you say......10 week up-trend.......which is dam good.

Its butting up against 32......over the last 4 weeks.....it rejects 32.....but is soon back there.

A good RNS next week and it will be through.

Weekly Graph


free stock charts from uk.advfn.com


==================

32 Pivot Point is better seen in the daily graph.

Hitting 32 on 7 days.


free stock charts from uk.advfn.com

[tom111] 24/8/2024 09:38

Looks like we will heading for an increass in inflation very soon council taxes look like a sitting duck for an increase along with train fares and petrol/diesel to name a few all very inflationary