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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (183253)	3/30/2014 11:32:29 AM
From: Hannoverian	1 Recommendation Recommended By isopatch Respond to of 206181

Good morning Dennis, Sunday morning & I see my name. Potential for a reply, just like the # you sight Dennis, but in the case of your #, potential only. So I will reply a degree of reality as in ~#'s. Please don't check my #'s, some rounding involved. To go on, I believe our friends the Russians export ~7 TCF/year west to the various European countries, EU members & all the other Baltic countries & other prior Eastern Block countries. Again simplifying, ~20 BCF/day exported west for something >$10.00/MMCF. That is a lot of income for Russia & NG @ >2X's US NG. Now to your potential # & our other friends the Europeans. Let them drill, let them frac, get them to do something. Get their 1ST 200 wells up & producing, via fifteen (15) new high efficient diesel-electric rigs drilling from nicely camouflaged pads can do that in ~one year. Likely ~$12MM/well but no upfront land costs in this evaluation & the 3D is already on the work stations waiting to be interpreted. 10 MMCF/well & our 200 newly drilled & frac'd wells yields 2 BCF/day. Now just two concurrently laid pipelines,1 BCD/day capacity each, during our inaugural year using pipe prepositioned for such an undertaking. Thus one year later a 10% reduction in Russian exported NG, a chink in the Prussian (SP?) armor. Of course the European elite will scream "it's unfair" when they find out drilling will need to be unending once the treadmill of Unconventional NG is started & their forests and fields are blighted by the sight of production pads. OH, I forgot, the fields are already occupied by the environmentally friendly windmills. Time to go work in the yard, Spring & yellow stuff wait for no man in this part of Texas. Finally, the Russian will have already made a deal with China to buy that same Russian NG & might even sell the NG for more money, unlikely an exchange for US $'s will be involved. PS All dry NG, to my knowledge many of the EU basins are over cooked. That nasty Eurasian tectonics just kept pushing versus the sheltered west side of the Appalachians for the Magical Marcellus!