You don,t offset interest free credit with an interest bearing loan.
Land ocean had to buy RRDSL to gain the right to drill on the island and become the sole supplier to RRL. That is why they paid so much for a pile of scrap, inc rig 8. They are just spinning rig 8 out hoping we will forget about it. hence the dropping of the q&a as the true business model gets exposed.
The fact that you don,t see it is not my problem or pocket
I just wonder where Oma got his degrees in Accountancy and Business Management. Reading his comments below I cannot believe he has a degree in either and his English has too many mistakes to reflect a good education. In fact I would hazard a guess that he is very much like Peter Landau in the BS department.
I don't know if waterflood flows decline over time, or whether they will increase over time, so no idea if initially flows will be higher or lower but drilling costs are projected at $24/bbl if all waterflooding goes well.
Extra exploration isn't particularly expected. Should hear this summer about that first waterflood project.
Please just don't ask about any Somailan runways or about Russian oil (IOP). Best to not even go there.
Been away for a long time and just wondered if anyone could let me know if punt land is still in the mix for 2016 or off the cards with fraud landaus departure. Sorry for my ignorance but I was stung here and sold for a massive loss a few years back. Still glad I sold as at current prices I would need a 100 bagger😜
The truth is nobody knows which way the price of oil will move, there are so many fro-political factors at play that any one often changing could have a huge impact on the POO.
The proxy wars between Saudi and Iran, Instabiliyy in Libya, Iraq, Yemen and Egypt, the growing threat by Isis to oil fields and pipelines and the continued growth in demand from China and India are just a few factors to consider.
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