• European natural gas prices have risen to ~US$18.5/mcf amid the conflict in the Strait of Hormuz, reflecting significant market tightness. This is notable given that summer is typically a low‑price period due to reduced seasonal demand, and inventories are currently below normal ahead of winter.
• In response to these market dynamics, CanCambria’s independent reserves auditor has increased its long‑term gas price assumption from US$10/mcf to US$12/mcf.
• The higher price deck results in a US$2 ....
