Hi Wazza,$40USD per barrel is lot more than the 10USD production...

Hi Wazza,

$40USD per barrel is lot more than the 10USD production cost for the Canadian operations as reported by David Deloub.

The denominations were kept the same in AUD, apart from CAD which is close to AUD.
The AUD has been getting weaker so overseas revenue as expressed in AUD increases thanks to Forex.

I did see the recent BRK post of oil and gas components and the excellent graphs BRK posters put together of the cumulative well production.
That is a neat way of showing future production as it factors in the decay of the well over time.
That was great work.

It something we will have to do here(SHE) to get a feel for future oil flows as SHE opens up more wells.

I agree we did get to the bottom of that one thanks to everyone input ,especially Danpechs.

Thanks for you input and the Due diligence Wazza.

Id better get back to reading some announcements on other companies.


Cheers