| Barney : Forum Member 21st March 2016 7:34 PM |
Just another update, more good news today reported about the Horse Hill project, with claims of producing 1688 barrels per day, which will certainly be good for the economy and employment. The downside to this though is the actual cost it takes to extract the oil, they actually need to the cost of oil to be above $40 a barrel to break even. There is also an issue with the protesters slowing down production... Anyway I sold my share holding in this over a month ago and moved to Alaska, where the state gives oil exploration companies up to 85% rebates on their exploration and drilling costs.... No protesters either, so far the investment is doing well and if everything goes to plan it will be bought out by a major oil company next early next year......
Thanks,
Barney
