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Re: midtieroil post# 315523

Saturday, 04/16/2016 7:33:51 AM

Saturday, April 16, 2016 7:33:51 AM

Post# of 360797
You don't see CEPSA arguing with those numbers ,or Tullow, so I guess they can turn a tidy profit even with those %numbers.Yes this Oil environment is way different than a few years ago,but, Oil has seemingly hit it's low already and is inching upwards again. When China and India's economies improve as well as Isil is nulified(might be another year or so),IMO, oil will be back at a much higher price than now. Realistically speaking we don't know when that will be....but Oil is looking to be headed back up.If we are still alive we will have aprox. 20 to 25%(unless we farm out more),I have included Kenya's 10% back in after commercialisation is achieved. So we still have a chance to succeed. Game over?----Game on!
Cheers