Sun, Sep 21, 2014, 10:35 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Royale Energy Inc. Message Board

jillsexsmith 5 posts  |  Last Activity: Jul 29, 2014 9:58 PM Member since: Feb 5, 2013
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • I noticed that the Fortune Creek JV with KKR received a confidential amendment.

    Article 1 is amended by the addition of the following definition:
    "HRB Transaction" means a transaction whereby equity of QRCI is issued from treasury by QRCI or sold by KWK, or an interest in QRCI's Horn River reserves and acreage is sold, to a non-affiliate, at the closing of completion of which KWK or QRCI, as the case may be, receives cash proceeds of not less than $[****];
    Section 5.5 is amended by the addition of the following subsections (f), (g) and (h):
    (f)
    Notwithstanding Section 5.5(a), the balance (the "Drilling Obligation Balance") of the Drilling Obligations, which QRCI, the Partnership and Newco acknowledge and agree to be $120 million as of December 31, 2013, shall be spent by not later than the earlier of the following dates (the "Drilling Obligation Date"):
    (i) June 30, 2016; and
    (ii)
    12 months after the closing and completion of an HRB Transaction

  • jillsexsmith by jillsexsmith Jul 28, 2014 7:47 PM Flag

    CALGARY — Two more liquefied natural gas players entered the export fray Monday, unveiling plans for new capacity on opposite ends of the country.

    A Canadian unit of Fort Worth, Tex.-based Quicksilver Resources Inc. applied to federal regulators for permission to export 20 million tonnes of LNG per year for 25 years, or about three billion cubic feet of gas a day, from a former mill site north of Campbell River on Vancouver Island. Separately, Perth, Aus.-based Liquefied Natural Gas Ltd. said it bought a potential export site from Anadarko Petroleum Corp. for $11-million outside Port Hawkesbury, N.S., on Canada’s East Coast.

  • I’m starting to view Quicksilver’s purchase of that old pulp mill in Campbell River as a wonderful insurance policy. Last month, First Nations won a major supreme court ruling that means that they could seriously delay a number of LNG projects in Northern BC. Thankfully for Quicksilver, the site at Campbell river will tie into the existing NG pipeline system much further to the south. The big winners in all this mess might be KWK and the new terminal in Oregon:
    “Backers of the proposed Oregon liquefied natural gas (LNG) facility at the mouth of the Columbia River won an appeal in a county land-use case and hailed a Canadian Supreme Court decision that may make it tougher for competing LNG export projects in British Columbia (BC) to move ahead.”

  • jillsexsmith by jillsexsmith Jul 3, 2014 12:10 AM Flag

    Just to expand on Greg's comments, both Spectra and TransCanada talk about an undersea pipeline route that begins at Kitsault and travels to Prince Rupert. I'm long KWK until the last of the LNG players reveal themselves and not a day less.
    June 2014
    "From his vantage point, Greg Ebel can envisage many more new partnerships being forged on the West Coast’s greenfield LNG exports industry. “I think you will see some other players come into the field in British Columbia,” the chief executive of Spectra Energy Corp. said in an interview during his visit to Toronto earlier this week. “I don’t think we are done with proposals.”
    The company is in talks with other players – new as well as those that have already proposed projects — as it jockeys to participate in other LNG proposals, as well as pipeline expansions that will be sorely needed if at least one of the dozens of projects proposed get off the ground."

  • Again I don't think that Wall Street appreciates just how prolific the wells are at the Horn and Besa river formations but maybe just maybe the Japanese do!
    "Apache’s early results from Liard (Besa) are described as “the most prolific shale gas resource test in the world,” with net estimated gas sales expected to hit 48 trillion cubic feet (Tcf) of natural gas (8 billion barrels of oil equivalent) based on recent drilling, test results and well-control points. The 30-day IP rate was 21.3 million cubic feet (MMcf) per day."

ROYL
2.98-0.03(-1.10%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.