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Strategies & Market Trends : Ride the Tiger with CD

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To: Gib Bogle who wrote (88867)8/18/2007 12:52:52 AM
From: koan  Read Replies (3) of 313046
 
Gib, ADB is a coalbed, shale bed, methane play. But I am gambling now and outside of my knowledge base here. Anyone who follows me or LC here needs to know we are gambling with little knowledge-lol.

They sink holes into narrow coal seams and pull out the methane. I do not know much about it or the company. I know the flow increases as the wells are dewatered.

Rocket Red may know about this.

ADB does have something like 255 wells drilled and most hooked up to gas pipelines, so they have cash and have been drilling wells since 2004.

Most of the NG comes from the gulf and it looks like hurricanes are about to go balistic. It takes two things for hurricanes: hot water and high pressure areas with little wind shear. For the last 18 months the gulf has been hot, but wind shear has kept knocking down the hurricanes.

But now conditions are perfect. The atlantic is 80 deggrees which is what is necessary to get them started and the gulf is 86+ and no wind shear. 86 degrees is like jet fuel to a hurricane; and the storms are coming off of Africa one after another.

NG prices could really sky rocket.
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