Interesting webinar
* Cost of an exploration well $US40-50m. Woodside already invested a substantial amount of money on exploration at PEL87 with $US35M spent on 3D seismic.
* IF WDS commit to drilling, possible spudding Q1 or Q224
* IF first well is successful, PCL will need to raise approx. $US10m to fund their share of the second well
Worth comparing legacy 2D seismic (pg10 - core area of 2400km2) with 3D Seismic (pg13) and visual size differences of the Saturn Turbidite Complex. I have no idea, but hoping this may increase prospective resource estimates once full data results are in.
DYOR
Interesting webinar * Cost of an exploration well $US40-50m....
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