Cairn energy state in their recent update a total of 125 mil US...

Cairn energy state in their recent update a total of 125 mil US for the 2017 E&A budget which the majority will be spent on the Senegal lease.

Now I realise further costs are associated with testing and the likes, but the rig is stated as costing US 195000 p/day. With the costs of drill rigs dropping dramatically, one would envision the support vessels to be on sale as well. Say 305,000 p/day on three support boats, and this figure I feel is way over the top.

So here we have it 500000 US p/day, sounds about right as Athena costs 690000 p/day just for the rig itself, and, and if memory serves me correctly the total with support was in or around US 1.2 million.

FAR's presentation shows drilling SNE 5 & 6 to be completed late May. 500,000 x 100 Days equals 50 million. CNE's 40% would cost 20 million, FAR's share 7.5 million. My calculations are an estimate only, but we are talking about CNE still having approx. about 80 to 100 mil US to meet their 2017 forecast.

Maybe the JV plan to drill for the remainder of 2017, with the current low prices. Because something above just does not make sense. Even at 1 million dollars p/day there is more than plenty of loose change left. Just double the calculations.