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Message
re: MMR & PXP purchased by Freeport Copper.......
Posted on 12/6/12 at 10:59 pm to polizei11
Posted on 12/6/12 at 10:59 pm to polizei11
quote:
Will be interesting to see the new strategy on Ultra-Deep gas.
A couple years ago I was traveling to a fab yard to help out with some stuff on a high priority project for one of my clients and they were blowing and going on stuff for Davy Jones and at that point (and still can't) understand the hurry to produce these deep gas wells. With the prices being so low, how can they be profitable at this point in time, and without some major political shifts, not sure I see the price going up anytime soon.
1
Posted on 12/7/12 at 9:00 am to TJG210
quote:
With the prices being so low, how can they be profitable at this point in time,
Probably on the books before the price collapsed and the projected (by MMR) production/reserves and rate were so significant that even at $3/M it would pay out and make money....still $$$ in long life gas.
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