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larrytiger60

larrytiger60
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  • How Much Does It Cost To Produce 1 Barrel Of Oil? (Kurdistan, 2013) [View article]
    Erbil gave Baghdad a 90 day deadline to meet the Kurds' demands, as a condition to its continuing participation in the "all-inclusive" government so eagerly sought by the U.S. Those demands include the Kurds' right to export oil independently of Baghdad and permanent control of the Kirkuk oil fields. If the demands are not satisfied, the Kurds say they will conduct a referendum for independence, which would likely pass.

    Either way, the Kurds should be exporting oil on the international market with Brent pricing by the end of 2014. That would result in a very large increase in realized price, and profit.
    Sep 30, 2014. 04:06 PM | Likes Like |Link to Comment
  • Mart Resources Is Not Currently A Sub-Saharan Oasis In The African Energy Patch [View article]
    The article is helpful, but has a glaring omission. There is no comment on the prospects for pipeline theft from the new Umugini pipeline. Mart's CEO estimates the losses will be 10% or less, compared to 24% from the AGIP line. What has Shell's experience been with specific regard to Umugini? Will Mart switch over entirely to the new line, or use both? If both, what would the expected "blended" loss rate be? I understand the new line will be buried, and perhaps encased. How vulnerable will it be to "bunkering"? Answers to these questions are critical to evaluating Mart's profitability going forward. larrytiger60
    Dec 16, 2013. 08:08 PM | Likes Like |Link to Comment
  • Last Entry Point Price To Buy TAG Oil Is A BONANZA [View instapost]
    TAG said they completed their Taranaki Basin "behind pipe" infrastructure late March, making it possible to put numerous wells into production. How can we find out what the barrels sold/revenue numbers were for April and May? Will we have to wait for the Q2 report?
    Jun 5, 2013. 04:45 PM | Likes Like |Link to Comment
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