Fantastisk utvikling i naturgass prisene siste året. Har gått fra ca 1,4 usd til langt over 5 usd i dag:
Natural Gas Futures - Oct 21 (NGV1)
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5.460 +0.200 +3.80%
SMN 1 : Questerre (Neutral, tp NOK 2) – Engineering and work program to test a carbon storage reservoir
Questerre recently announced it has recently completed the engineering and work program to test a carbon storage reservoir in Quebec. According to the update, operation includes an injectivity test to estimate the optimal injection rate for CO2 into the storage reservoir. Further “…the test will also estimate the volume that can be safely stored in this reservoir situated at a depth of over 1000m below the surface in the Potsdam, a Cambrian age sandstone formation”. We have not included any upside potential from carbon storage in our Questerre SOTP valuation. However, we think that is an important factor to gain social acceptability for its Lowlands projects in Quebec and is therefore a logical step for maturing the project.
Kan bli stort dette. QEC har 1mill acres de kan lagre karbon i, og det skal også satses på resirkulering. QEC er blitt ett tilnærmet gjeldfritt ESG selskap som tjener gode penger med dagens energipriser.
Fra dagens rapport:
" Mr. Binnion further added, “We are also looking at technologies to recycle carbon, not just store it. Just like we did not recycle bottles until there was price for recycling, we have not been recycling carbon because there was no price for it. With new carbon pricing on liquid fuels coming into effect next year in Canada, the economics on carbon recycling will change dramatically. We plan to participate in this giant emerging new green market.”
Natural Gas Futures - Nov 21 (NGX1)
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6.222 +0.362 +6.18%
Lenge siden naturgass har vært over 6 usd. Skal ikke lenger tilbake enn ca ett år da prisene låg rundt 1,5 usd.
Nå må OB skjerpe reglene for børsmeldinger, æ’kke no tabloidavis dem driver 
.
Hvad så med de 1 million acres værd de har I Quebec?
Kommentarer fra Jason D.Silva
"We are still optimistic about the carbon capture but we need to see the formal plans of stopping oil and gas activities. Then we will need to negotiate or file a claim for the expropriation amount.
Ifølge Jason "The Premier has stated repeatedly that compensation is on the table. Based on his comments, this is between the costs we have made to date on the permits ($100-$200MM) and the fair market value ($2,000 MM). "
Så bare ett eventuelt erstatningsbeløp kan dreie seg om flere kroner pr aksje. Men de har ikke avskrevet Quebec enda, spesielt hva gjelder karbonfangst.
Have you seen the press release from Utica Resources? I’ve included it below. It talks about the compensation.
Under the two main rules in Quebec it is clear that the compensation is the fair market value. The Expropriation Act even says that it takes priority over other laws.
The Petroleum Resources Act says that the Minister can revoke the licenses by paying the costs spent but we think that is a form of expropriation and should be covered by the expropriation Act.
I think it is very encouraging that the Premier is talking about compensation. Now we need to see what they propose.
Jason D.Silva (kommentar fra fredag, før helga)
Dette var nok en dårlig nyhet for myndighetene i Quebec- Og desto mere positivt for olje og gass selskapene som opererer i Quebec. Om fossil energiutvikling blir avslutte for godt ved lov, vil erstatningene bli enorme:
M.R. Binnion
@mrbinnion
Quebec Court rules in favour of Utica Resources - sets aside key Coulliard Government regulation designed to stop development.
Sends the drilling application back to the Minister for reconsideration without the 1000 meter set back regulation.
8:34 p.m. · 15. nov. 2021·Twitter for Android
Utica Resources’ Court Victory Means the Government Must Choose: Develop Quebec’s Hydrocarbons or Compensate Companies at Fair Value Français
NEWS PROVIDED BY
Ressources Utica
Nov 23, 2021, 07:22 ET
Quebec pushes back the exit from hydrocarbon projects
The end of gas and oil activities in Quebec will have to wait. The Minister of Energy and Natural Resources, Jonatan Julien, agreed on Thursday that his bill to put an end to the hydrocarbon sector would not be tabled until next year, due to difficulties in establishing the compensation that will be paid to industry.
“We turned all the stones to ensure the adequacy of the compensation,” said the elected representative of the Coalition Avenir Québec when addressed by Le Devoir in the minutes following the question period in the National Assembly. [That] means that we are not able to table it this session. "
In his opening speech last October, Prime Minister François Legault announced with great fanfare that his government would quickly ban exploration for hydrocarbons on Quebec territory. In an interview with Le Devoir in the following days, Minister Julien said he wanted a change to the law by the end of 2021 . In November, the Legault government also took advantage of COP26 to join the Beyond Oil & Gas Alliance, an intergovernmental coalition aimed at making the exit from hydrocarbons a reality.
However, parliamentary regulations establish that a bill must be placed on the agenda at least one day before tabling it. Thursday, on the eve of the end of work for 2021, the government’s bill on hydrocarbons was conspicuous by its absence.
The legislative measure will arrive “at the beginning of the next session”, assured Mr. Julien on Tuesday. “We want to have a completed bill,” continued the elected. We are on the verge of being able to put it down. Quickly after the holidays. "
“Complex”
The winter parliamentary session begins at the beginning of February. By then, Quebec wants to have settled the articles relating to compensation in the legislative text. On several occasions, the Legault government has argued that it should untie the purse strings to compensate the oil companies.
“The complexity of these elements required analyzes of the scenarios and the impacts that they had. There is also the legal aspect… ”, affirmed Mr. Julien.
PQ member Sylvain Gaudreault “thinks the government is wrong” by venturing down the path of compensation. According to an analysis by the Center québécois du droit de l’environnement (CQDE), the government could legislate in such a way as to avoid giving a single penny to oil and gas companies. It suffices “to clearly express your intention” in a bill.
In turn this session, Québec solidaire and the Parti Québécois tabled legislative texts on the cessation of hydrocarbons. Each had an article to this effect. “The government already has this power in environmental matters since 2017,” noted Sylvain Gaudreault on Thursday. The longer he waits, the more the industry fuels its weapons. So I think the government should move quickly. "
In 2011, the Liberal government of Jean Charest acted in this way by adopting the Act limiting oil and gas activities, which had the effect of canceling exploration permits in the St.Lawrence River and Estuary. The Government of Canada has, however, been targeted since 2012 by a lawsuit brought by the American company Lone Pine Resources , following the adoption of this legislation. It is asking for $ 150 million, under North American free trade rules.
The co-spokesperson for Quebec solidaire, Manon Massé , is surprised that Quebec has postponed the tabling of its bill until 2022, in a context where the government has praised its abandonment of oil and gas at the Glasgow Conference on climate change. “They broke the suspenders, she illustrated on the phone. To wait is to continue sending the message to the oil companies that they can eventually make gains. "
Call for reflection
For Éric Tétrault, president of the Association de l’énergie du Québec (AEQ), which represents oil and gas companies holding exploration permits, the government must take the time to reflect before closing the door to the industry. . He says he fears “the repercussions” in the entire industry in Quebec. “If I were a mining executive, I would immediately wonder if my turn is coming. Buying back securities sets a dangerous precedent for them. "
According to Mr. Tétrault, by acting in this way, “Quebec risks alienating itself for good from major trading partners like Alberta”, while citizens would be open to the idea of projects to test " new technologies ”for gas exploitation, according to a survey conducted by the AEQ.
The president of Utica Resources, Mario Lévesque, declined to comment on Thursday on the postponement of the tabling of Minister Jonathan Julien’s bill. One thing is certain, companies are already on the verge of claiming millions of dollars, if not billions . This is the case with Utica Resources , a company controlled by Austrian shareholders. It got its hands on several permits abandoned by other companies, so much so that it now controls 29 permits, totaling approximately 4,400 km2 in the lowlands of the St.Lawrence and in the Gaspé.
According to what its president, Mario Lévesque, specified this fall, in a written response to Le Devoir , the value of the assets would amount to “several billion dollars”. An opinion shared by Eric Tétrault, who estimates that alone, the shale gas of the St. Lawrence Valley could represent “lost profits” of “3 to 5 billion dollars”.
Wells to be decontaminated
In addition to compensating businesses, the Quebec government must clean up and decontaminate abandoned oil and gas wells in Quebec. However, as Le Devoir revealed in November, it is currently impossible to obtain a precise estimate of the costs of decontamination of exploration wells, which are the responsibility of the State.
According to data from the Ministry of Energy and Natural Resources (MERN), 534 “inactive” wells have been located since 2018, and 241 others have not been found, despite inspections carried out by the ministry. Of this number, 209 are considered “non-locatable”.
Among the inactive wells located, the MERN estimates that 95 will require “work”, for example to stop natural gas or oil leaks. However, the only list including an assessment of the restoration costs per well dates from March 31, 2020. It only has 30 wells registered as “liabilities for contaminated sites” (PTSC), or less than a third of the wells which are officially to be restored. . The estimated amount for these 30 wells totals $ 54 million.
Oj, regjeringen sier det kommer kompensasjon og skal bli avgjort i februar? Vet du hvor mye det eventulet er snakk om? noe som monner, eller litta teskje for syns skyld?
Jason D.Silva forventer minimum kostpris, som er a 160 mill cad, tilsvarende 2,5-3kr pr aksje. Men det forventes også prosenter av ressursene og tapte inntekter. Så alt fra 3kr til 40 kr pr aksje. Tenker det blir ett forlik på rundt 10kr pr aksje. Hentet fra ett annet forum:
Avklaring innen februar vil være fantastisk - enten i form av erstatning eller enda bedre; grønt lys for produksjon av mega-gassfeltet QEC har påvist i Quebec. Utica-formasjonen med ny fracke-teknologi forventes å ha industriens laveste kostnader og premium pricing lokalt i Montreal = superlønnsomhet, ref verdivurderingen av kun 5% av arealet til CAD 2,4 milliarder/ kr 40/aksje.
Kortversjonen: fra kr 3,30/aksje til kr 40++ pr aksje.