I don't think an estimated drill cost has been published for La Bella.
As things stand right now there is a 2 well commitment to satisfy the license requirements.
Currently WHL is the operator of Vic P/67. If the final 3D interpretation is good and AWE elects to proceed to drill, it will become operator and will have to cover 60% of the drill costs. This election must be made by mid 2014 i.e. quite soon.
Tap oil also has an option to take 10% equity in the field. It can increase this percentage to 15% if it elects to cover 20% of the drill costs.
So, in summary, assuming AWE proceeds to drill and Tap exercise it's options the drill costs breakdown as:
Equity Drill Costs
AWE 60% 60%
Tap 10-15% 10-20%
WHL 25-30% 20-30%
WHL has also indicated that it might be willing to sell down a further equity stake so good finals 3D date might see another partner get involved in sharing the costs.
Not a direct answer to your question, but I hope that helps.
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