Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (36167)	6/27/2008 10:17:52 AM
From: elmatador	Read Replies (1) \| Respond to of 217561

M.E lifting costs: getting oil to the surface currently costs under $5 a barrel in Saudi Arabia, with the global average cost certainly under $15. manhattan-institute.org Russia: Lifting costs per boe of production in the first quarter of 2008 amounted to $3.86 per boe. oilandgaseurasia.com

To: Haim R. Branisteanu who wrote (36167)	6/27/2008 10:37:38 AM
From: elmatador	Respond to of 217561

PBR lifting costs and that removing from the bottom of the sea. As a result Petrobras' lifting costs rose from US$2.85/b in 1Q03 to US$4.22/b in 1Q04, before falling slightly to US$4.09/b in 2Q04, the company said. Production is expected to increase significantly in the next few weeks, further lowering average lifting costs. "The cost of extraction will start to decline as we increase output," Gabrielli said. In 30 to 40 days, the company expects to increase production at the FSPO Marlim Sul in the Campos basin to 100,000 barrels a day (b/d) from 70,000b/d, Gabrielli said. The original deadline for the increase was September 15. SOURCE: Petrobras' Lifting Costs to Fall on Higher Production rigzone.com

To: Haim R. Branisteanu who wrote (36167)	6/27/2008 10:40:32 AM
From: elmatador	Respond to of 217561

PBR presently estimates lifting costs of $8.21/bbl. But let's predict > disasters and triple that to $25/bbl. That is half the price of > mining, washing, and cracking tar sands. PBR has stated that as long > as crude sells for > $35/bbl, they will be profitable. If you think > crude will ever again sell for $70/bbl, I have a pickup truck I'd like > to sell you. finance.google.com Oil production, or lifting, costs in Brazil jumped 20 percent from a year ago and edged up 1 percent from the preceding quarter to $8.66 per barrel. SOURCE: straightstocks.com

To: Haim R. Branisteanu who wrote (36167)	6/27/2008 11:12:33 AM
From: elmatador	Read Replies (1) \| Respond to of 217561

oil lean years (1999) forced drillers to come out with cheaper ways to lift oil. Today drillers benefit. Lower-lifting costs can help ensure survival World Oil, April, 1999 by J. John Grow E-mail Print Link With the recent "oil glut" (real or not), and Wall Street's "paper-traders" low oil prices reflecting 1999's gloomy oil-patch business, survival relies on technology and good old "know-how" to make-a-buck these days. Service companies, inventors and all O&G concerns are constantly searching for better, more efficient ways to lift oil and gas to the surface and ensure a presence (survival), during the best and worst of times. Following are some examples of how technology is trying to cope with tough times in both deep water and on land. Source for below: wtrg.com

To: Haim R. Branisteanu who wrote (36167)	6/27/2008 1:55:47 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217561

just in in-tray HSL flash bulletin June 27, 2008 •• SPECIAL ALERT: as warned for many months a major global “upheaval” is in progress -- spurred by the one-two punch of run-away inflation & a collapse of the derivatives/credit markets -- which will affect everyone. Many banks are at risk. Investors who continue to procrastinate or wait optimistically for storm clouds to dissipate, will in the main, see their assets deflate radically & at best risk losing much or most of their net buying power &/or capital. If not already done so, we urgethat U immediately reduce financial risk via 3 basic steps: exit the US$ (or hedge exposure to US$ assets of any kind via futures short selling &/or bank forward contacts), place approx ½ of your assets into a mix of 90-day to 2-year govt bills/bonds (Swiss govt paper preferred, but any (non-US$) 1st world govt paper OK), place almost ½ of your assets in gold (via a basket of gold futures &/or quality gold shares, with at least 15% in physical gold bars or coins). A small position in oil/food/comod stocks & special situations is justified. See HSL for details on July 6. Good luck to us all, Uncle Harry & team