Certainly 'talking his own book' LOL , sure you can extract 20~30% cheaply (say USD15/bbl) but getting the next 30~40% will cost 3 times this amount and therefore will not be delivered if prices fall.
I reckon $55 is now a long term base , and $100 still a very real possibility. I know senoir execs in several leading Aust producers share this belief.
SALTY
HDR
hardman resources limited
Certainly 'talking his own book' LOL , sure you can extract...
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