I'm always conservative on my numbers. Been burned a few times believing pie in the sky presentations / broker reports.
50K is the absolute lowest. Ozzy oilers are usually closer to 70-90K ... ASX often seems to trade at a discount to the USA. 100K is quite common in the industry it seems.
AOK seems to be trading around $85K/ flowing bbl now.
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I'm always conservative on my numbers. Been burned a few times...
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