Let’s say, US$12m to drill standard length, let’s say 50% more for longer lateral… US$18m = c AU$28m @ 60% WI = c$17m plus $2m for next vertical… we need around $19m aussie.
yes we are generating cash but we need buffer and would want to be able to drill again soon as well, or do we want to wait another 6 months before we drill again
note most numbers are made up but probably ballpark
Banter and General Comments .. BRK, page-9764
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