That is not for me to budget - I am not an expert at this. Part is stimulation and flow, then production. Stimulation and flow program is funded. Production is probably not funded yet. Maybe $25M in total. If we drill vertical and it proves better to drill horizontal to improve the flow to commercial levels, $30M per well.
"Where is the money coming from" - well, from Cap Raises if we want to retain 100% ownership, or from farm-ins if we are happy to dilute at project level.
The reality of a investing in a gas exploration company is that they don't generate revenue, if plays need to be proven up, money needs to be spent and money needs to be raised.
Ann: Daydream-2 logs 154 metres net pay, page-88
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