It costs about $1.5 million per well to drill and complete in cooper basin. I am not sure about the equipment they are installing for the Flax process (separators, VRU etc) - I wish I knew. I am also not sure if they are using beam pumps or jet pumps etc for artifical lift? does anybody else know? So I would estimate they have used $10-15 million
since capital raising. So maybe INP has $12-17 million left in the bank....
