pukin, you really deserve a big vote of thanks for going to such effort with your recent posts.
With regard to "It points to Mungi20a costing around $2.7m. Not sure how much more Mungi20V would have cost... I won't even guess but considering it is just longer laterals rather than extra laterals, maybe its not too much more." You are correct in your comment, based on what was confirmed to me at the time.
"It is very important to note in the announcement made when they completed 20V that they said they are gaining considerable experience and knowledge drilling the wells and that the last lateral was drilled and completed in 7 days. As time goes by they will get more effective and efficient in their drilling, and costs should hopefully reduce." Again, I totally agree with your comments and analysis, as that is exactly what was stated by Ian Gorman at the time
MPO Price at posting:
96.4¢ Sentiment: Buy Disclosure: Held
