While there is certainly no textbook calculation to a one-size-fit-all breakeven price, a further rally in prices could certainly meet with resistances.
The breakeven price of crude oil includes production costs, exploring or finding costs, oil well development costs, transportation costs, and selling and general administration expenses.
He pointed out the breakeven price dipped down to 23.8c/l last year with good grass growth, with 2016 budgeted on a break-even price of around 24.8 or 24.9c/l.
