drilling $ required

Had a spare 1/2 hour to look back and this is what I came up with based on the last AGM presentation:

Intentions are to maintain working interest in SC54a and SC63 at present levels (42.4% and 50% respectively), SC58 goes from 50% to 10% which implies free carry on at least 1 well (should be 2 or 3 wells free carried). SC54b went to 33% instead of the planned 35% - close enough.

On that basis the rough spend in the next 15 months or so will be:

Gindara ~ $5mm
Aboabo ~ $10mm (at $20mill for 100%)
Balyena ~ $0 (free carry)
Kalapto ~ $10mm (per aboabo)
Lawwan ~ $8.5mm (staying at 42.4% x 20mm@100%)

So, drilling spend in next 15 months is $33.5 million.

Add debt repayment and G&A...

Good thing is that G&A should decline as they hand over operatorship and make staff redundant.

p1000