I need to correct the costs for the Athena, it's nearer $US 21 mil per well not $US 30 compared to $7.5 Mil for the Stena, still a huge difference but not as huge...my apologies...
Yes Garry we would be further down the track by now but probably more importantly we would have had considerably less shares on offer...however one thing the delays probably helped is with is we may not have got the Stena at such a good rate at an earlier date, it's one of those things that's hard to quantify..
Whats satisfying is that we are now talking about $US 20-25 Mil all up for an untested well on the shelf which is in the region of $AU 6-7 Mil net to FAR, that is very manageable if those day rates can be maintained...
Cheers Whisky
FAR Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
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