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Antrim Energy Inc. ATGYF

Energy Oil & Gas E&P
"Antrim Energy Inc was incorporated on September 29, 1999 in Canada. The Company is engaged in the business of oil and natural gas acquisition, exploration, development and production in international locations. The Company, through its subsidiaries, conducts exploration activities in the United Kingdom and Ireland."


OTCPK:ATGYF - Post by User

Antrim Energy Inc.
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Comment by Bigbadoilon Feb 22, 2013 4:00pm
326 Views
Post# 21030673

RE: RE: Thank you jimmyjimmy for the links

RE: RE: Thank you jimmyjimmy for the links

The FPSO is leased so they a monthly rental charge (they do not own it) > The cost of the monthly rental is a "operation cost" which will be factored into the economics i. e $X per barrel.

My previous point about the urgency of getting other production into the FPSO is important here as they will pay this monthly charge irrespective of the production they put through the facility. Therefore 1/3 party production will be critical down ther road after Fyne has peaked out.

Bigbadun'

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