GREY:CIMVF - Post by User
Post by
Barrheadon Jan 15, 2008 5:15pm
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Post# 14207954
Price at the PaP Pumps?
Price at the PaP Pumps?One would hope that the sweet light crude would go for a premium with an API of 47-51, but I don't think that I have yet to see any of the income from the oil produced so far from Garden Hill South show up on their financials. If that is the case then it must be worth $0.00/bbl. We know that is wrong, but perhaps someone can prove me otherwise? If this was Argentina, the price of oil produced would be capped at $46 US much like Petrolifera (PDP)is dealing with, and the rest is profit for the country. Some have indicated that Danny is a bit forceful, and greed could take over if sweet oil were to be produced out of Port au Port, and the oil could be used for their Province only in the form of cheaper fuel or energy for their residents. Who said that was all that wrong?
The NR has provided some breathing room at Shoal Point, but perhaps also more opportunity to be taken to the cleaners, here is hoping it will add to the value of the CQV share price.
Regardzzz...................Barrhead