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Re: Julius Erving post# 299056

Monday, 03/09/2015 6:11:49 AM

Monday, March 09, 2015 6:11:49 AM

Post# of 361240
Your $90 number may be a bit misleading or oversimplified a bit. I only recall discussion of break evens in that neighborhood (and lower even) being tossed around for shale plays (non conventional) vs conventional plays as I understand we'd see with ERHC assets. Some of the deep water plays could approach this in some circumstances as well but again the on shore block we are closest to drilling is neither shale nor deep water. If the lifting costs turn out to be significantly less than these numbers it makes developing the asset all that much more attractive to produce.