From memory, each well costs $20-25 mill. I think this will be lower for these wells as some of the equipment from the northern wells can be used on the southern wells. But let's assume the worst case and say $75 mill for the three wells. Now HDR has a 20% stake in the JV so the cost to HDR will be about $15 mill if I am correct.
HDR
hardman resources limited
From memory, each well costs $20-25 mill. I think this will be...
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