Replies to post #2151 on Deep Well Oil and Gas (fka DWOG)

[wshaw14]

Before it made its run last time. Oil will return to higher prices, probably not as high as previous prices but with production costs in the 18.00-19.00 (verses I believe 22.50-25.00 on the original estimate) per barrel range (my estimate using the steam oil ratio and production numbers per well) at "Analysts are expecting WTI to average US$60/bbl in 2017 compared to US$58/bbl expected previously, while WCS is projected to average C$54.45/bbl next year compared to C$58.90/bbl previously." I believe they can do pretty well. Let us also consider the approval of the Keystone and other pipelines will likely help WCS prices surpass the above mark. Please see link

http://www.jwnenergy.com/article/2016/12/asset-sales-and-lowered-costs-six-canadian-oil-and-gas-developments-watch-2016-draws-close/