Thursday, December 04, 2014 9:29:46 AM
As of today, Brent oil seems to have stabilised at 70$, citigroup says oil will average 80$ in 2015.
Since the cost will be 25$ per barrel then even if oil drops to 60$ or lower then there will still be a very nice profit per barrel.
Also don't forget that they get an extra 10% premium next to Brent prices.
The falling oil price is something to pay attention to but it will not stop their current drilling plan.
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