Mexico gulf well on success will be US$7.4 - (5.3 for well and 2.1 back costs) for 50% prod mid 2017 - so even with success that puts big dent in cash with a 16 month wait to any production.
then second well in mexico gulf success cost US$3.9m
the JV for tanz becomes more important and the bloody alaska farce for me can happily sink into the arctic - by the time oel get to drilling it the company will be well on its way with successes or if failed not be worth the punt anymore as there will be little cash left and a sp at 1c
Ann: Quarterly Activities & Cashflow Report, page-7
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