What I can't understand is why AOE would go with such a high production cost number , particularly when the Shell one is so much lower ? Sure , Shell has greater access to higher value markets but I would've thought the discrepancy wouldn't have been that great. I would imagine that a company's management would do their very best to get a lower costing in order to increase the reserve numbers , particularly if you were the prey rather than the predator.
Very interesting.
ESG Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held