OK, we all heard about this new oil find in Dubai ...
#3
Re: OK, we all heard about this new oil find in Dubai ...
Spent 9 months in the Falklands in early 80's and no amount of oil would get me back to that place. Good luck to you
Cans of Carlsberg elephant beer in the Globe hotel, mutton bugers, bennys, Stills and Andy's. Next to no women, Never again
Cans of Carlsberg elephant beer in the Globe hotel, mutton bugers, bennys, Stills and Andy's. Next to no women, Never again
#4
Re: OK, we all heard about this new oil find in Dubai ...
I thought the inside word was that it wasn't actually a new discovery, just one they'd kept hush about from years ago, probably because at the time it was barely commercially viable to develop. So, likely to be in the low hundreds of millions of barrels range at very best. 'Finding' it now was really just a bit of positive PR.
#5
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Re: OK, we all heard about this new oil find in Dubai ...
(I used to serve in the Globe in the mid 60's!)
#6
Re: OK, we all heard about this new oil find in Dubai ...
I thought the inside word was that it wasn't actually a new discovery, just one they'd kept hush about from years ago, probably because at the time it was barely commercially viable to develop. So, likely to be in the low hundreds of millions of barrels range at very best. 'Finding' it now was really just a bit of positive PR.
I would say, though, that the range you mention is pretty inflated to what I was told... I'd be knocking off at least 2-3 zeros from your numbers....
#7
Re: OK, we all heard about this new oil find in Dubai ...
The range I suggested was just my best (or not as it may be) guess on what the size would likely be. If it is considerably smaller, which I don't doubt it could be, you have to wonder just how desperate they were that they needed to 'discover' it all over again.
#8
Re: OK, we all heard about this new oil find in Dubai ...
In that case I want to buy that well as well...