noad

Petrel Resources - moderated discussion/research


bahouse - Fri, 31 Dec 04 :

Reggie,

To be more preicise, Pet said that some of the existing oils wells they have tendered for may be brought to produce more oil than the level of production prior to the damage these oil wells suffered as a result of the Iran/Iraq war. They stated this on the basis the data they collected shows there a strong possibility that this might the case. So the risk sharing comes into play with regard to the existing wells is if manages to exceed the production experience before the wells were damaged. So to sum up, risk-sharing would be a possibility but only on the extra oil they produce.

I hope that makes it clearer! That's my interpretation but based on what pet has said!

Search for a stock: 



By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions :: Contact Us :: Affiliate Scheme
Copyright©1999-2008 ADVFN PLC. Copyright and limited reproduction :: Privacy Policy :: Investment Warning :: Advertise with us :: Data accreditations :: Investor Relations :: Press office :: Jobs

ADDITIONAL SERVICES AVAILABLE FROM ADVFN
Upgrade - Click here for more information on ADVFN premium services Money Words - ADVFN Financial Glossary Investor Training ADVFN Financial Bookshop Online Training Academy

43 site:2us *** pet081122 12:35 Stock Message Boards ( 2001 | 2002 | 2003 | 2004 | 2005 | 2005 | 2007 )