WTI is light oil, Who Dat produces heavy oil, but then there’s the gas. And very low CoP: US$5.70/boe compared to US$15.75/bbl for Brazil assets. US$48/boe margin on 4-4.5MMboe pa to start with is well worth the price of admission.
Ann: Acquisition of Interest in GOM - Investor Presentation, page-48
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