RE: A good read1 Apr 2018 23:55
Read the the whole article: talks through his ar5e. He was doing so well till the last paras: the whole World is going to collapse and he would like more than 181 followers.
Questions to ask!
Why Deloro get the deal? Answer, because PQE were up the proverbial **** creek with no paddle and a hole in the canoe.
Did Deloro get a good deal? Answer, yep!
What about the cost of production? It is a function of fixed, variable cost, semi-variable cost and through put. Marginal cost should be a lot lower at 10,000 bopd than 250 bopd.
Anyway, we should know a lot more in a couple of weeks or rather you should.
DYOR