leopl,
Visit the August 07 Veritas report:
http://www.veritassecurities.com.au/files/reports/3D_Aug07.pdf
There are a lot of variables to study; the report factors in a price of $50 a barrel.
With oil hitting record highs at present and Goldman Sachs predicting $200 in the not too distant future, interpreting the report is an interesting experience. http://www.reportonbusiness.com/servlet/story/RTGAM.20080506.woilprice0506/BNStory/energy/home?cid=al_gam_mostemail
My position is hold; if the high oil prices continue then a 5.8 mmboe should warrant expenditure of $100M for the proposed infrastructure.
any comments, page-12
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