TPT tangiers petroleum limited

19 bucks, 50% chance of success, page-40

  1. 776 Posts.
    I refer to this section of the Foster's report.



    "Given the relatively shallow water depths (~110m), an exploration well is estimated to cost ~US$33m and can be drilled using a jack-up rig or small semi-submersible rig rather than a deepwater semi-submersible rig or drill ship which will be used by proximal operators, further significantly reducing costs."

 
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