I seriously hope you are not actually comparing offshore to onshore?
Ivz can start small and ramp up. Offshore requires mass spending upfront.
Exploration expenditure would include the Mobil data.
I take your point about well costs, They are expensive but I’d guess both sidetracks cost 10 million each.
They should be a thing of the past now and despite the cost it could be worse we could have nothing.
The flow test will set the scene but I have a nagging feeling not much is going to happen until the Ppsa is sorted.
Ann: Invictus Energy Corporate & Operational Update, page-193
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