Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-234

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.