If we just look at what money was spent in 2024 (total). About $25 million to do essentially nothing other than raise more money and finally finish off processing that 2D seismic - a result which had literally no share price impact:
Dec Quarter - $5.4 million
Sep Quarter - $2.2 million
Jun Quarter - $5.1 million
Mar Quarter - $12 million
Then 2023 - $55 million to drill one well and shoot and process some 2D seismic. Though i recognise there may be some residual Mk-1 costs here:
Dec Quarter - $17.5 million
Sep Quarter - $15.2 million
Jun Quarter - $13.5 million
Mar Quarter - $9 million
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