Cheers GS for the reply and to the others for their contribution...

Cheers GS for the reply and to the others for their contribution

i think what people are missing is the finding costs. $25 dollars is opertional costs. You need to add 10-15 dollars for fiding costs. If you look at how much a CB well costs, even assuming a high success rate you are looking at approx $35 per brl to find and produce. On that basis a well like Tigercat would be break even or marginally profitable as i am in Pinkys camp about likely reserves on this one.