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Macaveli

05/07/17 11:05 AM

#51929 RE: BBANBOB #51928

Didn't the Rockefeller's make their billions refining?

mooner

05/07/17 11:14 AM

#51930 RE: BBANBOB #51928

I was under the assumption that MMEX was going to refine oil from others. There are not going to drill/frac for their own oil. They are providing a service for others in the area.

As far as land goes they are buying the surface rights not the mineral rights.

Is this correct? Please correct me if I'm wrong.

thinMANSrun

05/07/17 11:41 AM

#51935 RE: BBANBOB #51928

Look up the 3-2-1 method.

tendayer

05/07/17 12:24 PM

#51943 RE: BBANBOB #51928

Average 6-8 dollars bbl

tendayer

05/07/17 12:26 PM

#51944 RE: BBANBOB #51928

And even more with the higher cost of fuel