Rig rate alone is ~US$275k/d. x 50 days (include at least 5 days...

Rig rate alone is ~US$275k/d.
x 50 days (include at least 5 days each way mob & demob), then double it all for full spread of services and consumables (rough rule of thumb).
The JV is looking at about A$37m for this well.
BUY’s share @15% is about $5.5m (they have <$1.4m cash)!
Advent will need about $32m!
BPH has about $9m.
Advent will need another $25m from its existing or new shareholders to maintain its 85% interest.
It’s a reasonable bet that MMR will need to be involved to contribute. Therefore there needs to be some serious rabbits out of hats in the near future to make anyone want to get involved via MMR.