It’s a discovery alright. And already been hailed a success. Logging will provide further proof. The dry hole cost is about $4m to ADX, but this is wet- very much so. It will cost a bit more to finish logging. Do they need to raise before releasing logging? I’m not sure they do but it’s very possible.
Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-253
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