Providence Resources - Re: PVR Stream Log - Keep hearing €40 per barrel....

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Re: PVR Stream Log
12:51 27/11/2014
JREwing
0 replies 0 0

Keep hearing €40 per barrel. Assume this is opex. Think the payback on the capex is 3-4 years. So blue sky after that for another 20 odd years. Think everyone else would be interested to keep the Russians and Saudis out. The question is whether the field is as attractive as it's supposed to be, compartmentalisation/fracturing is supposed to be causing uncertainty over the above figures.

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