I had already allowed the 70% share(600Mt) of the resources(877Mt). So Blackhams share actually is the 300M barrell figure.
But I don't think we'll see $60 barrel for long long times, maybe lifetime? And the $45 figure on CTL includes cap ex for the plant I believe(Spitfire numbers). So the potential profit on this for Blackers is real and substantial IMHO.
...either as a developer or takeover target, seems a no brainer energy play.Never mind adding the Thunderbird deal if (when??) they get it.
BLK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held