don't forget the presentation said it needs oil to be at $70 to be economical. so calculations of $50 profit per barrel is over optimistic at current level. $70 is pretty high - most producers deliver at ~$30.
new on MPO, but i can't find definitive answer to my question - is their oil SHALE or conventional oil? in presentations it says 70% sweet crude. is that from shale origin too - which explains the high costs.
