re: re:for omr re next drill
The US$8M I was referring to was the cost of the current platform (and the fact they will not need another one to do this next leg of drillings). They stated the total cost of bring this discovery on stream was all up US$16M.
So I agree, drilling costs will still be incurred, but not much else. The economics of another discovery are streets ahead on US$6M etc vs US$16M. That is why I think another round of drilling will make a huge difference fundamentally if successful.
PSA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
