From Adrian today
Dorado second half this year cost 50m- 10m cvn
Back into Phoenix March next year cost 100m- 20m cvn add 5 m to run company next 15 months= 35m out of 60m
Phoenix needs different equipment- rig?? and he did mention the movie Deepwater Horizon
Adrian also mentioned a takeover at this stage is a worry
Also a lot of work being to done update volumes and get them to proven stage?? (sorry)
hope that helps
Ann: Investor Presentation, page-22
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