this was from the argonaut/ latent expression of interest in 2008
Stage Work Cost Time Funding Method Stage 1 Two wells and development studies $35 million 2008 Equity and/orFarmout Stage 2 a) Construction of a 30 km pipeline spur to the Parmelia Pipeline b) Three further wells will be drilled to meet early gas sales needs c) 3D seismic will be acquired over the Field d) FEED e) Production Licence application $69 million 2009 Hybrid Equity and/or Farmout Stage 3 Full Field development comprising drilling operations, construction of a permanent gas processing plant and gathering system Approx. $280 million over 5 year period Late 2009 onwards Project Finance (Debt)
TSV Price at posting:
2.5¢ Sentiment: LT Buy Disclosure: Held
