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Validating ~$11M MC NOW, page-77

  1. spinefx
    9,330 Posts.
    lightbulb Created with Sketch. 1065
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    27/03/19
    12:08
    Post #: 37898961
    The duster cost ~$10M?

    Fake news Ruskie, or lazy.

    Dry hole cost was USD 15 mill, so AUD ~21 mill

    RMP's share of cost was 35%

    So duster cost was AUD ~$7.4 mill

    Advice from the company is "Indications are that the well has come in on or slightly under budget."

    Cheers
    RMP Price at posting: 1.2¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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