Ann: Lockyer Deep-1 Operational Update, page-58

Thanks for everyone’s thoughts, we’re all in this together so setting realistic expectation on the repair timeline and contributing factors helps calm nerves.
Can anyone confirm what the original spend was to get the well to the point of discovery of a few weeks ago? Is a whole new well a viable option with a $5m budget? Also curious what the rental agreement is with the drilling equipment in relation to delays and lengthened timelines? Do we have first option to retain drilling equipment and personnel until we choose to release them or will a date come at which they pack up and leave? Guessing there’ll be some kind of hefty fee attached for any extension.
Something to keep in clear focus is we can’t undo what we’ve discovered, it’s not going anywhere and will wait.