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35.5¢ warrego energy limited

Ann: Warrego and Alcoa Sign Long Term Gas Sales Agreement, page-128

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30/09/20

20:04

Post #: 47753025
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Originally posted by invertedva: ↑

The first well cost $11-13million, right? The second last Strike CR was for $13 million. Hard to separate out drilling costs (paid to drilling rigs) from corporate overheads in the accounts.
But...
Add some money for the thicker pipes.
Deduct some money for 6 drill slots (economies of scale) and drilling in the middle of a down turn on the O&G sector.
I think assuming the same price as last time is a good and conservative first estimate?

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I think that was the budget for the well but not convinced that was the final cost

WGO Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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