There are 5 prospects to be drilled by 4 wells:
Paid for as follows:
Fur Seal - paid by Apache as 3rd commitment well
Culverin/Scimitar - (2 prospects 1 well) - paid by Koreans
Longtom 3 - will farm out 50% to STO - so probably little or no net cost for NXS
The one by the shore (forget name) - will farm down - so little or no cost to NXS
So the 12m ought to get them by for this program - but they will need to do a capital raising though to develop Longtom or any other discovery.
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