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John Polomny is an individual investor and speculator seeking unique, overlooked, and well researched opportunities and speculations from all over the world.
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  • Energy Exploration In Ukraine 0 comments
    Mar 21, 2014 9:54 AM | about stocks: TPNEF

    Pretty good article:

    James Stafford: How critical, then, will Ukraine's development of its shale assets be to forging energy independence, and what needs to happen next?

    Robert Bensh: We could see some positive developments courtesy of the Russian maneuvering. There may be more impetus to invest in Ukraine's shale development once the dust settles on the Crimea debacle. We'll hear a lot of rhetoric for the next six months or so, but then the Crimea incident will be largely forgotten.

    Ukraine is a great place to operate, and now it will be more transparent, so the sector should be opened up to more investment, which will happen as energy independence assumes a higher priority on the government's agenda. The country has 14 per McF gas prices, which is very attractive. But Ukraine has to take the first step-and there is a lot to do.

    Clearly, Ukraine cannot be happy with the progress made by Shell and Chevron in the shale development process. The process has been open and transparent, but only on two enormous blocks. To truly get shale development in the country, Ukraine needs to auction off multiple blocks of shale acreage, and the best way to do that would not be through a data-room process in Kiev, but in Houston or Denver, where a majority of the shale industry is located. Ukraine needs about 15-20 oil and gas companies developing shale, not just Shell and Chevron.

    I bring this article to your attention due to Cub Energy, the 2014 stock of the year, operates in Ukraine and is exploring for along with producing oil and gas. I would think that optimally the government in Ukraine will be highly motivated to delineate and develop its own resource as quickly as possible in order to mitigate as much as possible Russian influence via gas supply.

    Disclosure: I am long TPNEF.

    Stocks: TPNEF
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