Ok. In Sept Quarter Melbana paid $12.275 Million for drilling - This drilling expense most probably started
happening in October onwards (for materials etc) - The recovery of this expenditure will be in next quarter i.e. Jan 2024 onwards.
in Dec quarter Melbana paid $13.379 Million for drilling - This drilling expense most probably will start in Jan 2024 onwards and recovery will be in the following quarter.
So Melbana has spent approx $25.5 million upfront - and recovery of that will start in Jan 2024 which will be reflected in next quarterly.
Ann: Quarterly Activities Summary Period Ended 31 December 2023, page-30
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