Drilling in shallow water is much less expansive so i think if after 1 drill they will hit discovery they can raise money for 20%...
id it going to cost the same like galp so
for 20% :
its 5-10 million $ for a drill ...
i think that after discovery we will be in much bigger value so it will be more easy to raise 30-50 million dollar for 4-8 drills.
again our advantge is that:
1. we are in the shallow water.
2. most of the targets is in the same area.
Ann: Completion of PEL 87 3D Seismic Program, page-47
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