'Tree' pid='35183' datel Wrote:.... Wood MacKenzie as to cost of Hides wells: http://shareholdersunite.com/mybb/showthread.php?tid=3974 ; .....
Hi Tree,
There is no issue about some of the wells costing north of $100,000,000 in the highlands. I agree it is a shocking number.
It is just that Hides is already a developed site with drilling rigs already at the site. It is the cost of helicopter rig transport and site preparation that make the drilling so very expensive in the highlands. These expenses are not such an issue anymore at Hides. I do remember (I think it was in one of the OSH news releases) that they were quoting around $30,000,000 as the cost for a well in the highlands when rig is on site and site development already exists. Just sorry I cant find it at the moment.
I must say, I am more of a "glass half empty" kind of a person as can be seen from my various posts. I was actually thinking the PPS woud get /stay at around $100/$120 a share, but that is not the case and it supprised me a bit. No matter what the price happens to be at the moment, I am always a long term investor and I did plan to hold the IOC shares untill first LNG shipment. Another 7 odd years is not all that long when one thinks of the potential rewards.