Did anyone notice a maths error in the brokers article.
10% recovery of the oil in place of 60 million barrels would be 6 million barrels.
The broker puts PLX’s share as 4.8 million. This is incorrect.
In the last announcement WBE said it has increased it share in Wizards Lake Rex to 30%.
So the real numbers are
PLX. ...70%. Equals. 4.2. Million barrels
WBE ...30%. Equals. 1.8. Million barrels
What’s 1.8 million barrels worth. 20 kms from the refinery. And low cost environment.
Maybe 20/30 million dollars.
A lot of profit.
Saltbus
Did anyone notice a maths error in the brokers article. 10%...
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