Mick,
where did you get your USD 17 million from?
EME spent USD 5.7 million in total during 12 months to 31 March.
That includes (share of costs):
SL1 (7.5%) Fracc
K1-H (27.5%) drilling
Block A-1 (12.5%): drilling + 5 fraccs
Block A-2 (12.5%): re-entry drilling
Block A-3 (12.5%): drilling and re-working after equipment failure.
If you allow USD 2million for the two K1-H fraccs, that's USD 15 million @ 27.5% costed to that period = USD 4.125 million.
That leaves USD 1.6 million for SL-1 fracc and the 3 Block A wells. That doesn't seem to work for me.
club sugarloaf, page-33
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