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TC, :eek::eek::( Alex, There is zero economic sense in putting in a well for $100m if you can put it in somewhere easy for $10m. You only put in the $100m wells when you are fairly certain there is no more $10m spots left in your territory. I have no doubt about that, except for the...

Hi Alex, If that was true, it would be discovered already, yet it isn't. With the technology available today, it means that the geologists already know all the areas to look, and they have/are looking. The harder to get oil, costs more in terms of energy to get, therefore the amount...

Hi all, TC, That bit is just not going to happen. Way,way too much evidence against to suggest it is even possible. The current price of ~$82/bbl with a backdrop of recession in most of the western world is an unheralded event in itself. Just 12 years ago during the downturn in '98, the...