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 Bursa Traders V5

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CalvinCLK
post Jul 12 2014, 06:40 PM

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From: peejay


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
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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..
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And Najib's brother, who is now one of the Sumatec directors, owns that Borneo co. Hmmm...

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