Nothing new in this report and vague/loose language
eg “final well cost anticipated to be lower than the previous IW well on the acreage”
Why don’t they say how much is the approximate cost of this well?
from memory the previous IW well costed around 21 mil.
Not enough funds to pay their 75% share of the cost.
will probably go for 2 more CR, one soonish to fund the drill and another one as an insurance against hitting dry painful hole.
Ann: Quarterly Activities Report & Cashflow, page-4
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