Southern Energy Share Discussion Threads

[tonytyke2] 09/8/2023 15:34

HH now $2.92, I would guess/hope that we are now around the price to turn on all operations and move full steam ahead! Can't be far away.

[little minx] 07/8/2023 19:19

Update soon too plus up in Canada.

[bountyhunter] 07/8/2023 16:54

At least HH gas has gone up again today!

[little minx] 07/8/2023 15:25

Is that it. 8 at 25p lol

[little minx] 06/8/2023 07:21

And we are one of the lowest cost producers with all that extra acreage thanks to the recent acquisition.

[bountyhunter] 05/8/2023 20:24

Increasing Demand Hints at Uptrend for Natural Gas Prices
By:Bruce Powers Published: Aug 4, 2023, 21:32

[little minx] 04/8/2023 18:07

Gas has been going up for a few weeks with the odd dip.But no idea really.

[bountyhunter] 04/8/2023 17:47

I hate to spoil the party but isn't it just following an uptick In the gas price? News does seem overdue though.

[king suarez] 04/8/2023 17:23

Strange little uptick in share price - perhaps news next week?

[little minx] 03/8/2023 08:02

I looked at Stockhouse for the very first time in ages. The one poster sounds frustrated and can't wait for the update.

[little minx] 02/8/2023 17:03

We have had a few trades. Update due soon.

[bountyhunter] 28/7/2023 17:51

Compared to UK O&G companies but even compared to DEC which is in the US, SOUC has been holding up well over the last few months...

[little minx] 25/7/2023 07:09

Gas prices are pretty steady and increasing still. Sorry haven't been reading quite so much about gas but problems with Norway supply or Europe or something cropped up in a headline a few weeks ago. More gas used in heatwaves for air con!

[jailbird] 25/7/2023 06:50

LMFollow the NG price , it will indicate the supply and demand that is and will be happening At the moment what is the market pricing in ?

[little minx] 25/7/2023 06:38

I don't subscribe but this part of an interesting articleThe shutdown of the US Freeport LNG terminal in June 2022 had an impact on flows in the second half of last year, with an estimated LNG production loss of 6 million tons. According to shipping data compiled by the EOA, US LNG exports totaled 78.4 million tons in 2022, just shy of Qatar's 80.1 million tons, and Australia's 79.3 million tons (Figure 1). However, since the start of 2023, US LNG exports have been on an upward trend following the restart of the Freeport LNG facility in February and after several delays. The US is the world's largest liquefaction capacity holder, with Freeport LNG, the second largest facility in the country, roughly representing one-sixth of the total US LNG capacity of 91.25 million tons per annum (mtpa). The EOA predicted earlier this year that the US would be the world's top LNG exporter in 2023, and we expect the country to remain the leading exporter for many years, surpassing Qatar, and Australia...

[little minx] 19/7/2023 10:23

We need an update but as HH and general gas prices are so much better can't wait to see what's been going on.

[bountyhunter] 15/7/2023 18:49

10th August in 2021 so could be earlier.

[little minx] 11/7/2023 08:42

Shame but then HH should be higher by then.

[tag57] 11/7/2023 07:59

LM, last year we didn’t see the Q2 update until the 23rd Aug so a while to go yet.

[little minx] 11/7/2023 07:31

Is that it! We need an update.

[spangle93] 09/7/2023 12:25

At the start the well is full of oil and the gas is in solution. As the well depletes the pressure drops and gas comes out of solution. Hence wells trend towards increasing gas.

Hi Serratia, I'm not quite sure how this answers Little Minx's observation? The Permian basin is a huge hydrocarbon province, well, 3 linked provinces, with multiple fields, and multiple stacked reservoirs, including gas and oil targets.

If you substitute "reservoir" for "well" in your post, then you describe a unsaturated oilfield accurately (ignoring fields with strong aquifer drive like PTAL's Bretana). Initially such a reservoir is oil bearing, with gas in solution. As pressure drops as oil is produced, the oil reaches saturation pressure (typically around a well, where the pressure drop is lowest), and gas starts to come out of solution. The permeability of the rock to gas is higher than to oil so gas will flow preferentially.

Ideally though, this doesn't happen ;-) With horizontal wells, the drawdown (how much you "suck" to get the well to flow commercially) is much lower than for vertical wells, so this effect of localised gas production doesn't happen to answer near the same degree. Also, in conventional fields, you can inject water or gas to maintain reservoir pressure

[jailbird] 08/7/2023 22:24

TGMyou are right $3 is too low for Q1 2024I will change that to between $3 .50 -$4 for now I am read something how NG demand will have picked up , maybe it was LNG related ?Let's see how next two quarters fairI need to find it again