RE: oil price what was it the energy trusts were willing to hedge the other wk. $US60k/running barrel. on 25k/day....thats a whoppin' 1.625 trillion.
discounting for all the risk, at this point most would settle for $30k/boe....allowing for the above presumed flowrates.
of course there're a few hurdles to clear before the taps start turning. as the hay is made.
...and no energy trust has gone 'all in' on a wildcat play.....yet.