Replies to post #17538 on 88 Energy Ltd (EEENF)

[Waggs]

Current price per barrel is $63.03 and rising....Thanks Biden !

https://investorshub.advfn.com/secure/post_reply.aspx?message_id=163099394

[OilPatch]

Alaska North Slope (ANS) prices on Thursday was $63.16, on par with Brent.

http://www.tax.alaska.gov/programs/oil/dailyoil/dailyoil.aspx

In Alaska it costs roughly $20-$25 a barrel to produce.

https://pubs.usgs.gov/of/2009/1112/pdf/ofr2009-1112.pdf

Its dated but pretty much the same.

This is clearer... having said that this will be a new field, so the price will be a bit higher but lots of margin here - long term. That is what the majors will be looking at. Then there will be state taxes.

https://www.statista.com/statistics/597669/cost-breakdown-of-producing-one-barrel-of-oil-in-the-worlds-leading-oil-producing-countries/

Basically a $20-$30 net per barrel based off current prices. Wide range due to field development because this location is remote.

Still its $30 Billion more or less if the field comes at 1.5 Billion Barrels.

Game changer for 88E and most likely a buy-out as 88E is an exploration Oil Company - they find others buy.