good or bad?, page-23

Why do I feel I am on some repeating loop, TBE.

Once again (despite NWE just finishing a C/R) you are back on this "future" Horizontal funding repeat.

This is the post I posted not a month ago to your now copy and paste repeat post.

Post #: 9611705

Cost to Beach energy shown as farm out.

Under the terms of the Farmin Agreement:
(a) Icon Energy transferred a 40% interest in ATP855P to Beach Energy (subject to DEEDI approval);
(b) Beach Energy will drill a horizontal pilot unconventional well into one of the strata comprising the Roseneath, Epsilon and Murteree sequence, then case and suspend the well, suitable for fracture stimulation (which is expected to occur within 30 days of rig release from the well);
(c) Beach Energy will fund Icon Energy's share of the farmin operations at an estimated cost of $16 million (gross), with the exception of a $1.75 million contribution to be made by Icon Energy;
(d) The cost of fracture stimulation, completing and flow testing the well will be paid by the joint venture parties in proportion to their participating interest shares;
(e) Beach Energy will be recommended by Icon Energy to be the operator of ATP855P; and
(f) Icon Energy will be recommended by Beach Energy to undertake the management of coal seam gas operations in ATP855P.

Pending DEEDI approval of the transfer from Icon Energy to Beach Energy, ATP855P will be held as follows: Icon Energy 40%; Beach Energy 40%; Deka Resources 10% and Well Traced 10%. Deka Resources and Well Traced are both wholly owned subsidiaries of Adelaide Energy.

So around $16m-$17m.
$4.76m NWE share

If in line with Beaches cost this is hardly going to break NWE' back. Is it!!