RE: Capitalised way too high21 Jun 2018 14:46
FIB 1/ ''The hard facts are its just pumping water with a few hydro's''. Yes it is pumping the Fraccc fluid placed in, amybe on the way to being cleared by Monday
FIB 2/ So the cost of getting that into meaningful oil is prohibitive. Then you have the running SG&A or the company. The cost of getting from the wilderness via the ice roads to a refinery probably make the BEP 50 to 60USD per barrel. The costs at P50 are 39$ as per guidance given, this has not changed.
FIB3/ ''Plus the fact it is only operational 4 months per year due to the Alaskan perma frost.'' Exploration is 4 months of the year. Production is 24/7 365 days as evidenced by BP and EXxon both further north .
FIB4/ ''Also if it it did produce decent concentrates of oil when under snow the cost of getting from the wilderness via the ice roads to a refinery'' until recently Alaska was the only state that exported un-refined crude, no refinery needed. Franklin Buffs gravel and ice pad is open 24/7 365 days. The service track 12 miles to pump 2 is open 24/7 365 days. TAPS that transports the oil is open 24/7, 365 days and operates at 25% capacity. If needed the Dalton highway is open 24/7, 365 days to connect trucks to pump 1.
NOT A FIB/5 '' Cannot see this as a long term viable company per previous posts. '' Very true you have learned nothing.
ODDITY/ 6 ''Beware and remember cash is king folks'' Monty regales us with tales of unimaginable success and wealth, yet does not invest as he keeps cash!! truly amazing.
Monty I hope the interest on the cash is keeping you in Meds, Montytrollosis is a terrible state of mind