old hc back, page-38

IMO

Halifax cost approx $16M
http://www.asx.com.au/asxpdf/20120716/pdf/427f304f8k9xlj.pdf

Doubt you get an answer from BPT/ICN as to exact cost.


Yes, costs will come down as development occurs. If you choose to believe the USA model, development costs should drop 20% - 30% from science/appraisal/test well costs as the operator has known specific targets to develop with partiular frac solution prepared.

Yes I would expect Chevron to become the operator - they have the experience and the capital behind them.


No idea to timeframe - this next 18 mths is the appraisal/science period though.