The word I like best about the whole presentation is --onshore
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The word I like best about the whole presentation is --onshore
Fracking is evolving all the time and they are now getting smarter in a way that recovery rates are far better than previously. Different improved methods are happening all over the place. Here is one I like: https://oilandgas-investments.com/20...ue-oil-sector/ It took me a while to find where I filed that one. Check it out as it is a simple idea.
You may be right about the greens basing their info on outdated fracking methods-but with all due respect ,I think its a bit of a stretch to say its finding new fossil fuels they are against--I think they are more concerned with ''collateral damage''.
Cant really blame them for that.If the new gas system is as good as its cracked up to be then a green way to collect is great(as you say)
It may have never been developed if it had'nt been for some resistance to the old methods.
The ''miles deep'' off shore drilling is a different ball game IMHO ,profit or no profit
Thanks for the info --so which is your favorite among the outfits you listed?(seems like ages since the oil and gas sector had people fired up)
Thanks for that Cuzzie, but is the bottom line that the East Coast oil fields to which you previously referred in fact have not as yet been found? IN reference to your NZEC link I have always liked the uphole potential in the Mt Messenger formation in some of the Waihapa wells so you could be on to a good thing there.
Cuzzie maybe you could think of your greenies as part of the team, asking the hard questions and enforcing some additional due diligence on proceedings. Quite possibly they might be saving you some big $$$ down the line if by adopting higher safety standards you are precluding any future catastrophe.
Have a look at my post #13 here to answer that: http://www.sharetrader.co.nz/showthread.php?9444-Tsx
You know I actually agree with what you say here. If it wasn't for the Greenies and a major water shortage near most of the big oil fields in North America, we would still be fracking with first generations practices. The Greenies have helped oil corps. successfully get more oil & gas out of the ground and with less costings. I'm loving that too.