I'm just a bit curious as to why the net cost (as stated in the announcement) is $20m. That's $100m for the drill. Given that drill and associated costs are supposed to have dropped over recent times, does it not seem a bit high?
According to Diamond Drilling's rig status web page, the rig is contracted to Quadrant at $410,000 per day to end Nov, then $350,000 per day until early Jan. By my reckoning, a two month drill would incur $23.15 m in rig costs. That leaves an awful lot for associated costs.? But then, I have to admit to being a mushroom as far as Drill costings are concerned.
- Forums
- ASX - By Stock
- Ann: Phoenix South-2 Well Commencement-CVN.AX
I'm just a bit curious as to why the net cost (as stated in the...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
|
|||||
Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $348.8M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $59.91K | 299.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 1788658 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 409587 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 1788658 | 0.195 |
26 | 1959675 | 0.190 |
20 | 2512817 | 0.185 |
13 | 914372 | 0.180 |
8 | 391722 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 409587 | 16 |
0.205 | 1223503 | 21 |
0.210 | 1164444 | 19 |
0.215 | 372242 | 7 |
0.220 | 857783 | 18 |
Last trade - 13.37pm 05/07/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |