GREY:CLLZF - Post by User
Comment by
CmfrtblyNumbon Feb 21, 2006 12:43am
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Post# 10399794
RE: CLL PDP and LUKE value- much much higher
RE: CLL PDP and LUKE value- much much higherHmmmm. All these evaluation based on $60 oil. What about the energy required to heat the steam, to pump out of the ground, to refine/upgrade? How about the infrastructure? How about the water required for the steam? Why are these challenges usually so conveniently ignored? Op ex alone will probably knock at least $20/bbl off the gross. Not saying it isn't profitable, but not as profitable as this article/report/hype would suggest.
Be careful.