rumours.., page-12

Comp, I believe on a cost-per-barrel basis this project over its lifetime (based on the Miogyp discovery alone) would come in at around the $20/bbl level. If the Cib Haz reservoir proves to be full of oil, thicker, wider, highly permeable, I think it would be even lower. There's no way that oil prices will even approach reducing to that sort of number so I think it's going to be highly profitable even at $70/bbl oil price. I don't think many people have grasped the significance of this yet.