DB quotes CNE, he says $10 a barrel.
Look around the world and tell me where an undeveloped field fetched that price?
Onshore wells where the costs are lower I might agree but an off shore well undeveloped might get US$5/6, that's the price you all should do the workings on, not pie in sky workings.
If oil drops again its back to the drawing board.
This is what I see is the problem with FAR, they over promise and when these promises fail they suffer.
Just like the cheer squad, they take the high figures as gospel and spruik it to the herd.
Just like they quote PC on his opinion but ignore the statements made by WPL and COP originally.
Its a classic clutching at straws to put their agenda forward.
IMO its easier to look at the facts than spin BS.
When will they ever learn.
FAR Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
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