LIO
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0.00% 2.3¢ lion energy limited

oil discovery: 42mmbo and drilling again, page-6

  1. Russell
    112 Posts.
    lightbulb Created with Sketch. 7
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    26/05/08
    19:28
    Post #: 3768810
    My understanding (and I could well be wrong) is that if the oil was sold at US$130 per barrel, Lion would get US$3.25 per barrel less costs (2.5%) as its share.

    Of course, this assumes that the oil is actually sold at US$130.
    LIO Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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