"Conventional, onshore oil projects have a higher likelihood of profitability in the current oil price regime."
Even onshore of course have a high risk of being uneconomic to drill and operate especially if they are oil sands. Unfortunately I don't see the lots GGX hold in Cebu as being economic either even if oil was $80 -$100, however happy to be proven wrong.
Kat.
movement, page-60
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