from where is the IRG talk then ?? i had a look at IRG tunisian...

from where is the IRG talk then ??
i had a look at IRG tunisian stuff...

they need 2mill quid for 3D seismic to be done soon...
they need about 3mill quid times 2= 6mill quid, for re-entry of existing well, and for new drill... so total of 8mill quid for the work committment which needs to be done by mid-2016...
the unrisked recoverable resources are at about 100mill boe...
cos 38% for one part (which is about 70% of the 100mill boe) and the other part is cos 19%...
they hold like 86% but would like to farmout about 40% so that they are left with like 40%...
hoping to get the re-entry well (if i understood correctly) to stable flow of about 200bopd which would be about 1mill AUD annual profit if you used $85/barrel and 15% net profit margin.

so for the roughly 40% they are trying to offload, how much are they after in terms of cash committment from farmin partner ??
that is the key question...
the entire lot needs 8mill quid or 14.5millAUD, so how much for the roughly 40%...