jv executed, page-33

Yep IMO that's MAD's average Turnkey cost of $250,000 ie. charged costs.

I got the $150k costs from an analyst [I'll try to dig that up later].

In the meantime here is a picture tells a "thousand dollar words" from a interesting doc on average industry site costs.

"include labor, materials, supplies, water, fuel, and power. Direct overhead charges are also included for operations, such as site preparation, road building, mobilization, and demobilization and hauling costs"

[unfortunaly it also includs all horizontal well data as well]

NB: Fairway drilling is in the lower portion of the 2nd chart.