I think what our experince does show at this stage in the exploration cycle its may be worth paying slightly over the going day rate approach to more of a complete the job come what may to ensure you get the result you need.
In the longer terms Shell and other potential partners will be aware of the "drilling and completion experince" we had and will not be put off by the end result flows but we will be beaten down with it and incur additional dilution but that standard for a junior. What they will be looking at, as it was an appraisal well, is what can be realistic recovered from each target zone using what tehcniques and asscoiated costs - what you you put into your excel model.
EXR Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held
