TSXV:ART.H - Post by User
Post by
Baxter4on Mar 18, 2010 3:29pm
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Post# 16899774
Goofy Spinning again
Goofy Spinning againHe said:
"Who said anything about extracting oil from the US. The statement is for US companies and their oil reserves.
This was the average value for 1P oil reserves for American companies.
Not all US companies produce from Texas stripper wells Baxter, in fact , on an international basis, I would guess
that the US is involved with more O&G's than any other country.
This was your reference... it stated that " in the U.S., valuations for 1P oil reserves ended the year atabout$14.10 per barrel, down 25% from the 2008 peak. For 1P gasreserves,values ended 2009 at about $1.80 per Mcf, down 40% from the2008 peak"."
The report was regarding valuations of purchases of O&G properties. It says in the US valuations, meaning the properties are in the US, the companies buying and selling can be from anywhere.
Goldtoe was giving a recent price example from Kurdistan which was rejected for being too low. Very helpful unlike good40. Face it, good40 was caught fabricating again.