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  • tomex85 tomex85 Sep 9, 2010 10:57 AM Flag

    Dividend

    The Macondo well was in operation for only a few months, BP only owned rights to Macondo for a few years. Why do we have to read such absolute nonsense on these boards?

    "On 7 October 2009 the Transocean Marianas semi-submersible rig commenced drilling, but operations were halted at 4,023 feet (1,226 m) below the sea floor on 29 November 2009, when the rig was damaged by Hurricane Ida.[6] The Transocean Deepwater Horizon rig resumed drilling operations in February 2010"

    The explosion was in APRIL. There is no way this well accounted for 30% of BP's huge revenues.

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    • the rig was estimated to be able to provide 12000 to 19000 barrels per day through the blow out preventer alone...with a maximum of 25000 per day. Lets just say 12000 per day
      multiply it times todays price per barrel $74.60
      12000b X $74.60= $895200.00 per day times JUST 200 days per year is only $179,040,000.00 per year so no your right....it wont hurt BP at all....google it yourself (due diligence GOOGLE that too)

 
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