yes I think that’s right stumpy...the $5.3m was never the estimated cost ...but a negotiated amount with some cost overrun contingency. With drilling times of 10-15 days and relatively shallow targets they must be fairly cheap wells to begin with. Anyway they can always sell off a few more BYEs if worse comes to worse...MAY might have to lower their offer to 3 for 1 lol...
MEL Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
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