Just need to point out here that OBL won't be doing any kind of...

Just need to point out here that OBL won't be doing any kind of exploration at all until there is a farm in of some kind.

Nothing will be able to be done until the dry season now, that means admin costs of at least $300k until then.

Seismic will cost around $3M and an unconventional well will cost around $10M. A lot of people here think OBL will win outright against backreef giving them 75%, that means even with the $1.75M from OXX they don't even have enough for seismic ($2.25M) let alone drilling. If Backreef wins outright and they end up with 37.5% (if OXX still farms into their 50%) that's still $1.4M for seismic and admin costs leaving them with fumes. No drilling is happening without a farm in unless maybe OBL drop their fight with Backreef in return for being freecarried through a drill or something. OBL have been pretty forward about searching for a farm in of some kind, they've NEVER said they'd explore on their own, they simply can't, so I don't know why you're talking about it now.