Shadow, sorry, only seeing the relevance of your Black Friday comment now 
Spuddy, would be nice, as long as we hear deal done and not deal near
Shadow - price dropping today, have you heard anything to call it BLACK Friday?
@ Godot - Mamms can't see your comments. He's on a different board which feeds in to this one. Hope deal is tomorrow
Hey Spuddy, firstly am no expert in this. The payback is based on the total field, irrespective of who the parties are. All parties will receive revenue from the field. Whoever financed the capex, will have to pay for it out of their revenues.
No idea of whet the breakeven points on any of those would be. Hopefully they find enough oil in each to make it worthwhile.
The idea is that the operating profits from the first 3-4years will be sufficient to cover the initial capex costs. Hence the capex has been paid back after the 3-4 years.
Keep hearing €40 per barrel. Assume this is opex. Think the payback on the capex is 3-4 years. So blue sky after that for another 20 odd years. Think everyone else would be interested to keep the Russians and Saudis out. The question is whether the field is as attractive as it's supposed to be, compartmentalisation/fracturing is supposed to be causing uncertainty over the above figures.
Morning Spuddy, between Barryroe, Spanish Point and Dunquin, lots of good news should be coming our way. It's just a matter of WHEN ??? Saudis have taken policy decision to keep oil prices low at c $80 a barrel. Think this is to reduce competition from fracking, so prices should stay at this level for next 12 months anyway. Been in this share in a small way for over 10 years. Have gone large in last year. It will rocket on news, just hope can hold on long enough