OTCPK:GNOLF - Post by User
Comment by
Ed2424on Aug 16, 2017 11:32am
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Post# 26587582
RE:Flaherty Financial News
RE:Flaherty Financial NewsIs Bruce Abbott really saying that an upgrader for desulfurization would cost half to one fifth as much to install as the traditional GHU?
My logic is this--I Mil MT/year of oil is about 20,000 bbl/d thus the former costs between $30,000,000 and $80,000,000 to install for desulfurization, and the latter costs $8000 to $10,000 (or $8000 * 20,000=$160,000,000) per barrel per day for upgading?? 80 million is half 160 million comparing the new numbers (desulfurization) to the old (GHU). So far I haven't seen anything that would say they have a new style of upgrader that cost that much less. Did I run aground on a reef with my math, or is there something new to the story?
ed