88E 33.3% 0.2¢ 88 energy limited

Yeah that dude doesn't seem to have checked out our break even...

  1. 283 Posts.
    Yeah that dude doesn't seem to have checked out our break even costs.

    I'd agree oil price is part of the risk here, that's pretty obvious, but there are plenty of positives in terms of costs.

    -Trump wants to lower corporation tax a fair chunk.
    -The pipeline needs oil in it and Alaska needs revenues - so they will highly likely help us make it work economically if needs be.
    -The US Shale guys have a lot of control over oil price and will want to keep it above $45.
    -New technologies are quickly making fracking more effective = better flow rates.......

    This is a very very long term project to develop and will pump oil for years and years.

    This reservoir could turn out to be the best in the world, then worrying about oil price won't be such a thing.
 
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