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chart speaking volumes pardon the pun, page-33

  1. BigFish72
    267 Posts.
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    27/09/12
    23:42
    Post #: 10783043
    Did some research on royal Dutch shell recently.

    Whilst of couse they will want value for money here they have budgeted 80 days at $409,000 per day. If its done in less than that time awesome.

    Their exploration budget in 2011 was $36 billion dollars. This well whilst important is slightly less than one thousandth of said budget!

    Yep, last year they spent enough to drill roughly 1,100 "Palta" wells - How's that for perspective!

    Bit of useless trivia while we wait...

    cheers
    QFY Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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