OTCPK:TLSMF - Post by User
Post by
syncrudeon Jan 24, 2006 1:11pm
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Post# 10236029
good to see North Sea speculation?
good to see North Sea speculation?quite a POP yesterday... spreading TAKEOVER rumours once again: TLM, NXY, PCA? good to see Oil remains resilient with Winter Weather on the Horizon... I see another story about Western companies abandoning High Risk where Statoil exits Iran? but creates a $237 Billion Loss. talk about Creative Accounting??? this pool was only set to produce 10,000 boe/d? Imagine that: investing a few million dollars but writing off a quarter of a TRILLION... that's a lot of manure... I was hoping to see some spread around Oilexco or Antrim (Spec)
https://www.oilport.net/
Norwegian oil and gas operator Statoil ASA is writing down the book value of its Iranian South Pars gas field investment by $ 329 billion at the pretax level, which corresponds to $ 237 billion after tax, due to considerable cost increases and delays in the development.