QUOTE(backspace66 @ Jul 12 2014, 12:43 PM)
600 bbls per day only? From the entire field. To put things into perspectice , that is a normal production rate from one offshore well in Malaysia. At 600 bbls you can expect 20 to 30k usd per day profit. Thay is just a meagre 10 million usd per year
QUOTE(billy_overheat @ Jul 12 2014, 01:13 PM)
26 wells and 5 are in production only. The remaining wells are yet to be utilized.
If they can find more in the coming future, it might do them good I suppose? The word - "explore".
Buzachi has two 25-year contracts, valid until November 2026, to explore for and produce oil and gas in Karaturun Vostochnyi and Karaturun Morskoi fields, the filing showed.
But Buying price at 792m. Herrrmm..
And Najib's brother, who is now one of the Sumatec directors, owns that Borneo co. Hmmm...If they can find more in the coming future, it might do them good I suppose? The word - "explore".
Buzachi has two 25-year contracts, valid until November 2026, to explore for and produce oil and gas in Karaturun Vostochnyi and Karaturun Morskoi fields, the filing showed.
But Buying price at 792m. Herrrmm..
Jul 12 2014, 06:40 PM

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