40% savings on well costs.
He compared Mk1 and 2, in days per 1000m, and both wells were well under the average drill time from comparable wells elsewhere in Africa.
He said that shelf edge and out East wells should take ~ 14 days + evaluation.
Lets say 3500m drilling costs 35 million or 1 million per 100m - 40% = 21 million = 600k per 100m.
The shelf edge + eastern wells should cost ~ 10 million based on those numbers.
Ann: Invictus Energy Shareholder Briefing, page-255
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