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AMBASSADOR OIL AND GAS LIMITED (ASX:AQO) - bhp may tap us gas wells as prices rise , page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
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bhp may tap us gas wells as prices rise

  1. pacificwinner
    2,489 Posts.
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    14/10/12
    14:29
    Post #: 10857367

    BHP may tap US gas wells as prices rise
    by: Matt Chambers
    From:The Australian
    October 13, 201212:00AM

    US natural gas prices are storming higher, climbing 90 per cent from a 10-year low hit earlier this year and passing levels at which BHP Billiton is ready to restart curtailed onshore production at the US shale gas assets it was recently forced to write down by $US1.8 billion ($1.7bn).

    Forecasts for a normal US winter, as opposed to the record warmth recorded last winter that left gas storage across the nation full, have sent domestic gas prices up 29 per cent since the start of September to an 11-month high of $US3.62 per million British thermal units (mmBtu)......

    I can not bring whole contents as it needs money to view.


    Regards,
    AQO Price at posting: 15.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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