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benduck

benduck
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  • Kapuni Sand May Hold Company Maker Liquids-Rich Gas For Tag Oil [View instapost]
    Thank you for your informative blog. I am invested in TAO for the long haul; enjoy their financial position, enjoy the excitement of the hunt and above all, I respect the management and their modus operandi. I have a question that remains unanswered; thought you could shed some light on it...it's relative to their pricing structure of oil. How do they price their bpd? I understand that there is WTI and Brent, but do I understand it correctly that they enter into year long contracts with Shell and others based on another indicator? They recently explained that they received $113 per barrel for their last financial quarter; how did/do they arrive at that figure? How often do they negotiate their oil prices, etc?

    Any light you could shed on how TAO prices their oil would be of great help. Thank you Tullii for you blog and input. Much appreciated.
    Nov 20, 2013. 02:36 PM | Likes Like |Link to Comment
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