Ann: Trading Halt, page-332

I respectfully disagree. I am yet to find a proven drill receipt in Australian waters for an offshore well drilled at a price anywhere close to that. Please share some links.

You would expect to get NOPTA approval and then go to the market to fund the drilling whereby the sp would have already rallied hard and people would be lining up to get on the boat. This is maybe their share with no contingency in place and no back up funds if they hit a duster, they would fold the next day if they blew everything they had. I suspect they will use the money to invest in advent assets as stated, assets plural.
And the costs I quoted are just to drill, you then need to finish and provide all the infrastructure to run as a test, that requires platforms once the drill packs up. It is a test well not a production well. You then need to pay for that well to be plugged and abandoned if it fails.