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Re: molikai post# 1349

Friday, 10/17/2014 1:26:35 PM

Friday, October 17, 2014 1:26:35 PM

Post# of 4227
Other operators have figures between 20$ and 30$ per barrel cost (figures can be found in public docs via google). No guarantuee if HENC/TGC cost is as high. TGC/HENC is a smaller outfit and won't have that much company overhead so the cost will probably be on the lower end.
Even if oil prices drop to 70$ (as some claim to be the future low point) then there is still great profit potential. I believe oil from the cooper basin also get's an extra premium per barrel.