Moon Equity Holdings Corp (MONI)

[MethodMan]

Here is an interesting 2015 article involving WOGI COO Dr. Samuel Armacanqui:

http://www.egyptoil-gas.com/publications/incentives-and-solutions-egypts-oil-recovery-prospects-in-a-low-price-environment/

Dr. J. Samuel Armacanqui: the long term nature of EOR projects (stretching from upwards of ten years), the high amount of investment and resources required, the uncertain results to be had, and the very complexity of the processes involved—it covers so many disciplines that it becomes difficult to find the full range of expertise needed for the full lifecycle of a project. These challenges, however, have hidden advantages. Since you are dealing with mature wells, you rarely have to incur any new seismic surveying costs, and since each technique is ideally suited to a different kind of oil with its unique set of geological conditions, each has its own break-even price, leaving you with a price range of $10 to $40 per barrel thanks to the latest technological advances. (Seven years ago the range was $20-$70).