RE: Navitas investor presentations;18 Dec 2022 16:35
While 45$ a barrel is just over twice the typical offshore breakeven rate, if as expected the long term futures pricing is at least 75$ bbl, yes, economics aren't exactly amazing compared to other prospects, held by large caps. you basically just have to believe Gideon Tadmor, with his industry & banking connections, has the determination and ability to make it happen.