Ann: Quarterly Report & Cashflow, page-27

If you look at shore based drill rigs, 1000 hp to 1499 hp Exalo 202 is one of these, the day rate for drilling is ~ 25k AU which is ~ 9.125 million Au per year so the idea its costing 10 million to warm stack is ridiculous.

https://www.linkedin.com/pulse/global-onshore-drilling-rig-rates-q1-2025-regional-market-benaferi-6kpde#:~:text=High%2DSpec%20Rigs%20Day%20Rate,services%20and%20enhanced%20safety%20specifications

Example ranges:

• North Africa (Standard Rig): $14,000 - $20,000 per day
• North Africa (High-Spec Rig): $22,000 - $30,000 per day
• West Africa (Standard Rig): $16,000 - $22,000 per day
• West Africa (High-Spec Rig): $25,000 - $35,000 per day

at 1.93 million per quarter is 7.72 million per annum.
There is no way a warm stacked rig is costing us 7.72 million because that's about 75% of the operational day rate.
My guess is it would be ~ 4-5 million tops to warm stack the rig per year.