It's clearly looking like they won't make it.
Work Program
Year
Start Date
End Date
Quantity
Activity Description
Indicative Expenditure (AUD)
1-3
23/02/2018
22/08/2023
Geotechnical studies including detailed resource assessment, preliminary reservoir engineering, target selection and well planning
$400,000
45 km²
Purchase of 45 km2 of multi-client 3D seismic from CGG - comprising all available MC3D full-fold coverage in VIC/P47
$580,000
Interpretation and mapping of newly purchased 45 km2 of Multi Client 3D seismic data
$150,000
Confirmation of drilling target/s and detailed well planning and preparation
$1,300,000
1
Drill one Exploration Well
$35,000,000
4
23/08/2023
22/08/2024
Post-well evaluation studies
$500,000
5
23/08/2024
22/08/2025
Geotechnical studies including commerciality assessment
$300,000
Primary Term
$37,430,000
Secondary Term
$800,000
Total
$38,230,000
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