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Gold/Mining/Energy : ARAKIS: HIGH RISK OIL PLAY (AKSEF) -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (7574)1/4/1998 7:38:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 9164
 
Ditchdigger, with such wells you must take into account the cost of finding (if they drill additional wells around) and the cost of bringing the oil up, these are very "small wells" I would suggest you use numbers closer to $3/barrel. You also must factor in what royalties or other sharing agreements there might be.

Zeev