ophir energy lists in london, page-4

So back in June the 18month plan included 11 wells, now it's 12 wells.. (both not including kora)
Only thing that's changed is the farmout of ophir's gabon blocks to petrobras and the spudding of Kora.

But petrobras is only required to carry out 3D seismic at this stage.
http://www.ophirenergy.com/UserDir/News/OEC-P-4689%20Gabon%20%20Farm%20Out%202011-06-17142.pdf

So I suppose it may have something to do with senegal and agc, pretty big may though as they have a quite number of projects.

Just got a hold of Ophir's 360 page prospectus (once again a bit tricky to get a hold of in aus), I'm yet to read the bulk of it but I found Ophir's estimate of the gross well cost in our senegal leases to be US$40 mil.
Meanwhile our updated envoi brochure (post ophir HoA) estimated the well cost to be US$50-65mil (which I'm pretty sure is the latest publication).

The $65mil figure presumably comes from ME's correspondence with shell which is either now clearly outdated or ophir is playing down the well cost. Personally, I think it makes more sense that times have changed and ultra-deepwater drilling costs must be comparatively cheaper now with improved technology. While this has probably not had any material effect our JV prospects I would still like to see this figure updated for us investors because it surely has a material effect on FAR's valuation.