The first well cost $11-13million, right? The second last Strike CR was for $13 million. Hard to separate out drilling costs (paid to drilling rigs) from corporate overheads in the accounts. But... Add some money for the thicker pipes. Deduct some money for 6 drill slots (economies of scale) and drilling in the middle of a down turn on the O&G sector. I think assuming the same price as last time is a good and conservative first estimate?
WGO Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
