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Re: Trip-Fontaine post# 1754

Saturday, 03/16/2019 7:22:12 PM

Saturday, March 16, 2019 7:22:12 PM

Post# of 7900
Cobalt assets were all in deep water, which means 5 or 10 times higher costs to produce a barrel of oil. So Gulfslope barrels should be worth a lot more. Typical production facilities in deep water ca. $2 billion. For Tau, probably $100 million or less. The shelf is the place to be these days.
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