whats happening here?, page-10

Fantastic management through a turbulent time. As a guess I'd say as part of the farmin deal the divestment of other assets with development costs was negotiated so there is no risk in the 10 mil being spent outside SC54. Once they have some income they'll be back on the search.

interestingly KIK's % in the shallows is very similar to NDOs interest in Galoc. Hence if the new wells flow the same rate as Galoc and all else being equivalent KIK could be picking up $1 mil a week per well.

As a very long term holder I have to admit being a little worried when the price went down to 3.x
Happy to have held on.

Any oil experts out there who know how far $26 Million USD will go in developing the shallows.