JKA jacka resources limited

silence before the storm, page-18

  1. 6,650 Posts.
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    The Saudi field is onshore as is the Australian one.

    So far two offshore wells drilled one in 1967 and one in 2013, the net result huge amount spent, commercial oil still not proven. NPV way below zero!!!

    Basically in my view offshore drilling is too expensive, for example Apache has decide to limit their amount of exploration offshore drilling for this very reason.

    Hence reentering HW 2 well doesn't stack up.

    Ulitmatantly it your money and if you a shareholder of JKA you been very lucky that TPT offered you such a good deal.

    Take it and say thanks.



 
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