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fair play to pete here, page-16

  1. 478 Posts.
    Course the cost of the rig is important! If drilling costs are $20m compared to $40m, we can afford to drill twice as many wells before we have to give up! Even if oil is there, there's no guarantee finding it on the first drill.

    Let's not forget rig costs were the same reason Puntland didn't get drilled in 2010.
 
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