In the pending FO of Kito there was a $2m figure for back costs.....that would make it according to your calcs a short fall of $4m-$5m depending on the ultimate well costs.....as ive said 10 times they'll borrow whatever they for SM71 if they need it...they have a lot of options..like selling Kito off for example..
If u read the pressos closely they say "fully funded drilling program" ...also consistently says reviewing new opportunities.....now what makes sense?
SM71 wouldnt really be a drilling program would it, wouldnt it be a developement program...i think thats the hint they'll finance that cost and still have funds for another new venture.
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