what really is going on here, page-12

  1. 639 Posts.
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    Well this was from August 2012

    http://www.questpetroleum.com/i/pdf/analyst-coverage/Quest-Petroleum_South-Sumatra-onshore-oil-and-gas-program-is-transformation.pdf

    Exploration costs in South Sumatra are expected to be low with estimated well and seismic costs likely to be about US$1.2 million
    and US$2 million (for 500 kilometres of 2D seismic) respectively

    Is this even relevant now?

    Article also says this:
    The Ranau PSC is a 30 year contract with an initial 6 year exploration period

    We don't even have money for 6 years exploration at the burn rate

    I don't know if the current seismic was 2D or 3D, going to keep looking
 
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