exploration well, page-3

Not to my understanding. Someone pointed out to me earlier, that Key was responsible for paying 30% for the first 15 million dollars spent (Not sure if that was US or AUD), whether it was one or two wells. Once that cost was achieved, they are responsible for 20% thereafter. So I am pretty sure they would have chewed through the 15 million US by now and will be paying 20% from here in. Someone correct me if I am wrong.

A couple of other points, they are probably still on location setting cement plugs to abandon the well, so I doubt they are moving yet.

Also, I would think that it will take a bit more than 4 days to be up and running. They probably have to do a bit of maintenance, so I would think that around 10-12 days from now will be spud date, imo.