CTP central petroleum limited

elephant country?, page-21

  1. 6,458 Posts.
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    supertramp,

    I've always been positive about JW-1, as you'd know if you follow this forum.

    The reason I said "Operating costs are almost equal to sale costs at such a remote location" was because somebody was trying to value the find using the 99% estimate and the current oil price!

    By "almost equal" I meant the margin is going to be $20/bbl or so, not $80/bbl. Central's own estimate is, apparently, $15/bbl, according to dexter1. Regardless of what it is, it's going to be a LOT less than the current oil price.

    I am curious as to why you would take a single comment of mine, twist it completely out of context so that it contradicts EVERYTHING else I've said about this well, and then say you're surprised I'm positive about it?
 
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