Hi,
Like the April contract, under this sale arrangement the cost of transportation from the
field and storage at the facility is borne by Jupiter.
The sale price of ~$US52/barrel
adjusted for the budgeted costs of transportation and storage at ~$US6/barrel, equates
to a net price of ~$US46/barrel.
The total amount of $US730,000 has been prepaid and all monies received. Oil deliveries
under this contract commenced on 17 August 2012 and are anticipated to be completed
by 1 September 2012.
Share price at lows time to Buy
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Hi,Like the April contract, under this sale arrangement the cost...
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