Ann: Transforming New Standard Energy , page-206

Cmonaussie

Great stuff, thanks for post all the info.

The key as always with oil exploration are

1, the cost of money if you borrow to drill

2, the cost to drill and complete the wells

3, the production rate

4, the price of oil

As far as I can see Nse will not produce enought oil per well to cover cost to drill the wells let alone pay back the borrowed funds even with these generational low interest rates in the USA

Time to reject the deal as it provides no return to shareholders