reserves, metrics and gas prices, page-12

Awesome post Yaq .

What I can't understand is why AOE would go with such a high production cost number , particularly when the Shell one is so much lower ? Sure , Shell has greater access to higher value markets but I would've thought the discrepancy wouldn't have been that great.
I would imagine that a company's management would do their very best to get a lower costing in order to increase the reserve numbers , particularly if you were the prey rather than the predator.

Very interesting.