Casey is telling us that 3.8 million Euro's (gross) is going to pay for an MT program and drilling of a well in Spain .
Is there any reason to believe him that they can drill a well for about 3.5 million Euro's ?
Can't see any drilling company giving them a turnkey fixed price deal to do that .
By the time they start drilling another Tesorillo well , the 2 million Euro will have long ago been eaten up by office rent , wages , directors fees and corporate overheads .
No confidence the drill bit will resume turning in Uraguay either .
PRL Price at posting:
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