ELK 0.00% 1.4¢ elk petroleum limited

shrewd crude

  1. 4,838 Posts.
    Gday
    Just checking to see if you are OK......CUEs projects must be getting close to uneconomical by now!!!......ELK has about another $10 before things start getting pretty marginal.......

    I suspect wildcat exploration has just about ground to a halt...much cheaper to buy assets than try and find them....IEA are talking 9% depletion rates .... cuts in consumption are easy at first but get harder the more one trys to cut....oil price falls will see consumption hold up significantly better than at higher prices especially in developing countrys...so I suspect that it is just a matter of time before decline overtakes falling demand.....I read that chemical flooding is economical at $20 oil.....the further oil falls the better gas is starting to look!!!!
    Cheers
 
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