Ann: Targets Gas Production of 15 mmcf per day b, page-27

re: Ann: Targets Gas Production of 15 mmcf pe... Kiwi

re your point 4,

"Development - Each well SHOULD aparently cost about $1.5 Mill to drill then some additonal costs to tie in etc + maintainance. So far they have spent 190Mill to drill what 10 wells? until they can prove they can cheaply drill and bring wells into production this figure is a mystery."

My understanding was that these are workovers, so costs should be about $0.5m (roughly); am I wrong? Any comments?