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to the best of knowledge, we don't have regulatory approval...

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barneydigs

6,685 Posts.

2071

27/09/21

14:25

Post #: 56376968
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Originally posted by MMviews: ↑

Thanks for everyone’s thoughts, we’re all in this together so setting realistic expectation on the repair timeline and contributing factors helps calm nerves.
Can anyone confirm what the original spend was to get the well to the point of discovery of a few weeks ago? Is a whole new well a viable option with a $5m budget? Also curious what the rental agreement is with the drilling equipment in relation to delays and lengthened timelines? Do we have first option to retain drilling equipment and personnel until we choose to release them or will a date come at which they pack up and leave? Guessing there’ll be some kind of hefty fee attached for any extension.
Something to keep in clear focus is we can’t undo what we’ve discovered, it’s not going anywhere and will wait.

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to the best of knowledge, we don't have regulatory approval for another well. If another is required it will be post STX/tpd well to give us time to get approvals.

NWE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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