That spend of only $1.5 mill during the last quarter was due to MAN only conducting wireline sampling, this is insufficient for a JORC method, hence why they’ve got to return to each well and swab test them properly (much more expensive). Estimations are workover rigs testing each well can cost $1 million alone.
MAN Price at posting:
4.1¢ Sentiment: None Disclosure: Not Held
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