source:https://www.melbana.com/site/cpfile/9a739fca-e643-4012-83eb-94d230ef960e/MAYEVO20230605.pdf
That is incorrect.
You are attributing the back costs for block 9 expenditure prior to the JV as part of the exploration costs for the Alameda-1 and Zapato. In other words, the $5million to Melbana cannot be considered as "total (2 wells)" which is what your excel spreadsheet claims it is.
As for your middle grey columns, what is the point of converting expenses and back payments to 70%/30% if we know it was meant to be 85%? (it doesn't help us especially because Zapato+Alameda-1 were not of equal length and expense compared to Alameda-2 + Alameda-3).
The middle grey columns are fictional, the total (1 wells) scenario is fictional... This doesn't help the accounting cause at all.
source:https://www.melbana.com/site/cpfile/9a739fca-e643-4012-83e...
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