Joyful price of crude!

All USOP discussion here!

Joyful price of crude!

Postby EveryPenny » Mon Mar 30, 2020 9:39 pm

Currently 10 whole UK pence a litre!
It's good that we have hundreds of millions; possibly over a billion, barrels under our leases with uplift costs reputed to be less than 3 p a litre.

We're in the money! Just as soon as what's underneath is above which I'm sure will be any minute now.


Is this self-isolation getting to anyone else yet?
User avatar
EveryPenny
 
Posts: 1010
Joined: Fri Feb 01, 2013 12:26 pm



Re: Joyful price of crude!

Postby TDB » Mon Mar 30, 2020 10:23 pm

Yes. Even my electric fan has started self-oscillating along with me.
TDB
 
Posts: 346
Joined: Fri Feb 15, 2013 5:57 pm


Re: Joyful price of crude!

Postby EveryPenny » Wed Apr 01, 2020 1:07 pm

It's amazing, if we drilled tomorrow, got a gusher we'd actually have to PAY to store it somewhere as there is no refinery capacity or buyers. Canadian producers were getting $5 a barrel for their high tar crude and now are having to pay people to take it away as it is so expensive to stop/start these fracking ops.
How did Brian know this was going to happen and masterfully delayed our production by just the right decade?
User avatar
EveryPenny
 
Posts: 1010
Joined: Fri Feb 01, 2013 12:26 pm



Return to USOP Discussion

Who is online

Users browsing this forum: No registered users and 8 guests