Ann: Hydrocarbon Samples from Mukuyu-2 Discovery at Laboratory, page-336

Actually that’s false

The cost right now per well is around 15 million. The reason they burnt 30 million per well was because of the side track and the additional 1-2 months worth of drilling because of the side track. It will come down from 15 million over each well and will be in line with the Perth basin

As per raise they had 20 million in the bank at the end of the quarter and will raise another 15 million meaning 35 million in the bank. That covers:

1. 10 million for commercial flow
2. 6 million for 3D
3. 15 million for additional well out east
4. 4 million for 12 months worth of operations

They are fully funded to the end of the year which by then they would have had a multi billion dollar farm in anyway. This will be the final equity raise and the special people selling giving many including myself refills laughable 90 million dollar EV the stupidity is real