is it too good to be true, page-34

Tim, I think the refining profits are much higher in Africa due to the lack of refining capacity available.

Hey $#@!

It was the only hard figures that I could find on the subject, and was from several years ago (no doubt profits have gone up with the PoO since then).

However, whilst profit levels would be higher, and shipping costs would be lower (as the oil wells are within pipeline range assumably (hey Pa! I just made up a new word!)) overall costs would be high due to a less experienced workforce and a likely less than cutting edge plant technology wise.

Regardless - $3 or $10 - for the purposes of calculations we're able to do at this stage both are within an order of magnitude which is as close as we're likely to get!

We'd need a lot more information to come up with something sensible, and I'm sure Conrad and the boys have crunched the numbers well.

;-)