As per my post below from Oct 2012, even at $50/bbl, Grieve should still be generating an after tax rate of return of 15%.
hotcopper.com.au/post_single.asp?fid=1&tid=1846235&msgid=10760580
This fact is repeated and highlighted again in Denbury's latest Analyst briefing in November.
Ann: Notice of General Meeting/Proxy Form , page-17
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