succesful first fracture stage!!!, page-9

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)