They are really weilding the axe to staff it seems stumpytrucks.
I agree Pb, their reporting is not clear at oil. They are taking a leaf out of the tight oiler's book which is disgraceful. The latest 2016 breakeven was forecast at $47 U.S. per barrel and they say operation costs are down $4 per barrel - so $43 is the breakeven.
That's over the whole year, presumably first half was higher cost and second half lower as restructuring progresses.
I am not so impressed at cutting exploration expense but they are forced to by their financial circumstances.
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They are really weilding the axe to staff it seems stumpytrucks....
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