Hi Mike, Yup, gas has moved up to the next level in pricing.
I see it slowing moving up over the next few years. Heck
as demand increases due to the switching over of gas to
run electrical generation plants, more heavy trucks, home
heating, etc I see the demand continuing to grow. I read
recently that in order to meet demand there has to be something in the order of 750 wells spuded per year. Currently the article was talking about 150....
Actually I've been pleased about ADDA's move up from 03
to .09. Some of the other partners in the Winfield Ranch
have seen amazing vol. and pricemovement. Most notably
T&H Resources. Check out their vol. and movement over the
last month. I believe that we are seeing people in the
"know" positioning themselves for a settlement in favor
of the partners. From what I hear the partners case is
very very strong, i.e, they did everything right...metalurgists on site when pipe was pulled as it
came out of the hole to give their analysis, affadavits
at the time, etc. So, if poor ADDA can keep it together
I think we will be handsomely rewarded.
Regards,
Lew
Here's an interesting bookmark for ADDA.
cdnx.ca |
