You sure about that @Kiwigeo8339?. I agree with @Davy Boy.
Drilling costs for Mk-1 were $16.6m for a 105 day drill, including the side track (for our 80% share of costs - I’m assuming we didn’t free carry Geo Associates or One Gas Resources for the other 20%). Our original budget was A$10m for a 60 day drill (excl. long lead items and rig mob costs). We’ve got most of the long lead items for Mk-2 except for a bit more casing and the drilling mud. I would have thought that the drilling costs for the appraisal well will come in at under A$15m for sure?!
Unless there’s something I don’t know about the Wellsite Geologists salary!….
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