OTCPK:ARNBF - Post by User
Comment by
good40on Dec 17, 2011 11:48am
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Post# 19331714
RE: Most recent sale
RE: Most recent saleMy post showed reference to the worldwide average for 2009 and 2010. You can't get a better picture than from all of the sales worldwide. There are many variables, mature fields bring less , new fields bring more. Those fields that produce significantly bring a higher price since a greater percentage is " Proved " . There's something strange about $20/bbl though oilman... it doesn't leave room for profit. You don't buy at $20/bbl to make $20/bbl.
Show the reference to $20 per barrel and we'll have a look at their production numbers.