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3.92% 5.3¢ central petroleum limited

Ann: AGM Letter to Shareholders, page-16

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  1. tinstuff11
    5,563 Posts.
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    19/10/21
    12:04
    Post #: 56903008
    Sorry disagree with comment that Santos only needed tp spend a small incremental amount to complete Dukas.

    From what I understand at the time - there was no rig in Au that could handle the high pressure - thus to source a rig it will have to come from overseas. My stab is at least usd3m in seafreight costs - plus trucking from Darwin.

    Say usd20 - 25m to source and redrill Dukas as a single use for the rig.

    am not defending Santos here - simply clarifying the costs

    CTP Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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