To me the well costs look to be estimated to be at a total of 5.1 million EUR for the entire drill ?
But MCF have agreed to fund 50% of this costs up to a cap of 5.1 million I guess if there were any further well drilling blow outs and it cost 10mill Eur instead?
Additional permitting costs to secure an environmental clearance and additional pre-drill
costs including the drilling of a shallow geotechnical and water well has resulted in an
increase in well costs from EUR 3.8 million to EUR 5.1 million.
MCF and ADX have agreed to vary the terms of the EIA such that MCF will fund 50% of
the Welchau-1 well costs up to EUR 5.1 million to earn a 25% economic interest in the
Welchau Investment Area. MCF and ADX will pay their economic interest share of Welchau
Investment Area related costs of 25% and 75% respectively once the revised well cost cap
has been reached.
- Forums
- ASX - By Stock
- ADX
- Ann: Welchau-1 Well Discovers Condensate Rich Gas
Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-234
-
- There are more pages in this discussion • 208 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADX (ASX) to my watchlist
|
|||||
Last
9.6¢ |
Change
-0.009(8.57%) |
Mkt cap ! $54.59M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 9.6¢ | $89.95K | 900.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 171037 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 189920 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 171037 | 0.096 |
5 | 340421 | 0.095 |
1 | 10606 | 0.094 |
1 | 30000 | 0.093 |
1 | 49999 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 189920 | 4 |
0.110 | 383806 | 8 |
0.115 | 129700 | 3 |
0.120 | 53358 | 2 |
0.125 | 158221 | 4 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
Featured News
ADX (ASX) Chart |