Defender ongoing maintenance costs say $1mil all up. 2 goes at SOA2 =$8mil. Gretel and Aus2 =$16mil.
So my guesstimate is $25mil which is a long way from 40. I don't have time to dig up accurate figures so I welcome some input here.
Perhaps you left off the cost of the land purchase at Fpeck and also the cost to drill a couple of our prolific Nth stockyard producers since the land sale ?
You can't prove up acreage without spending a bit of money.
BTW I would be interested to hear what your charts are saying now if you would be kind enough to put some up.
amex up .06 to 1.16 = .058asx
SSN Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held