What all these boosters have seemingly forgotten is THE FACT that AKK have stated a lease operating expense of $3,000 per well per month in their Pathfinder preso and IOG say $11 per Bbl for field operating expense.
If you use those numbers then the breakevens look sickly don't they? Becomes more like 9 bopd doesn't it when IOG STATE operating netback of $11 per Bbl. $11 x 30 days x 9 bopd = $2,970 mth
What obvious fact have I misrepresented now?
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
