TSXV:ART.H - Post by User
Comment by
Baxter4on Dec 14, 2010 10:34pm
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Post# 17847638
RE: 4% profit
RE: 4% profitAnd you missed he used a 90% royalty rate. Even you have said it is a 10%royalty on the 27% ownership and 30% on the additional 10%, for a combined royalty rate of 15%. Why didn't you point that out?
Quick math means it is not 270,000 bbl/d average, but 45,000 bbl/d needed. Very doable in the Middle East.