Re: "So can we be profitable at $30? Yes at the lower end of the possible cost scale - we'd be up $7 a barrel"
It can't be so simple can it?
No, not so simple I think!
In looking at the margin, I think you may have left out the profit sharing? (what we pay to the Senegal government out of the margin via the PSC).....
On the other hand the discovery of 2.5b barrels of oil all in one place would drastically improve field economics ..... but not so much if that 2.5b barrels was spread out all over the place ...... more cost to find and develop......
Then there is the share dilution to fund exploration, appraisal and the capital part of the development etc etc.......
So complex! Not so simple at all
pj
Re: "So can we be profitable at $30? Yes at the lower end of the...
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