100m for each block,there would likely be multiple drills in each well which would also have to be paid for.
Finance would come from debt and equity. Initially the majority would probably be equity until financiers are comfortable with the block as security with capacity to service and repay finance. If the 'partners' have too much of a free carry one would expect a rather large dilution factor ahead.
CVI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
