Portrush is continuing their drilling the South Western Ontario natural gas prospect and has now reached an approxmate depth of 200 meters. Drilling progresses daily and is proceeding as per plan. Cooler weather entering Ontario and North eastern USA will start to rise demand as heating is turned on as winter approaches. Will the new Alberta royalties create any increase in Ontario Produce Natural Gas? Time will tell.
Bottom prices for Portbush appear to be forming at 12 cents and better with top sales last week of up to 14 cents. It seems like the share price may now resemble the pinnacle reef that they are drilling according to one geologist I have talked to.