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localoil

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localoil

Re: likwit post# 6968

Wednesday, 07/04/2007 12:47:10 AM

Wednesday, July 04, 2007 12:47:10 AM

Post# of 45178
Math problem here....

"Keep 65% of ($ actual revenues) due to royalties, production costs etc.. and your left with $ X... "

Keep 65% AND THEN SUBTRACT out production costs of about $35/bbl and see what you get. Keep in mind that they don't get full WTI price either.
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