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0.8¢ quest petroleum nl

I read somewhere once that punters in TAB's WANT to lose! I...

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Purd2

1,866 Posts.

30/11/14

17:32

Post #: 14380933
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Originally posted by kmuirhead ↑

I don't believe that that $22.33 is correct Purd. It looks like it was picked out of the article as part of the Co's spin
It simply refers to the incremental cost of producing the next barrel of oil and neglects all of the associated infrastructure costs, in order to show that companies would not be turning of taps because of the decline in oil prices.

If you read the whole article you will find that their time of life estimate is $70-90 per barrel - the seventy for in-situ.
Of course this figure would refer to experienced operators with good ground. It is not likely that newbies with
unknown ground are going to do better.

If you still believe in the $23 per barrel ask yourself "If oil can be produced that cheaply why isn't the world's
second biggest oil field not riddled with oil wells?"

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I read somewhere once that punters in TAB's WANT to lose! I casn't understand that but YOU are not happy unless you prove you were wrong to invest in this share. Amazing. Please do me a favour and call the company because you are so misguided my friend.
Oh by the way if Michael Kamis says it is so many $s a barrell I believe him. He is the expert not you. Fairdinkum the mind boggles.

QPN Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
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