Maybe $12m for Q2 this year is a touch high.
My notes from Q2 2022 were that they included the rig mob (est at $4m), long lead items for MK-1 and Baobab, seismic processing, well pad construction (2 x locations) and services contracts.
The main difference in Q2 this year would be that we had earthworks and clearing for seismic and the actual seismic acquisition activities, and possibly a higher count of rig personnel on site.
Ann: Securities Placement Capacity Update, page-86
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