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The cost for the flow test is considerably less than the initial...

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    The cost for the flow test is considerably less than the initial discovery well. We're not drilling the well again, it will be cased and suspended. The same well will be used for the flow test and if it delivers commercial rates, it will be a future production well.

    For example, IVZ's 3400m MK2 discovery well (vs Welchau at 1800m depth) cost approx $35m. The flow test for Mukuyu-2 is projected to cost around $4m according to the MD, and that is in a remote location of Zimbabwe.

    We're in Austria where equipment is easily transported and readily available. I'd estimate around $1.5m-2m for the flow test (50% funded by MCF Energy).
    Last edited by VatreniHR: 20/03/24
 
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