Yes John435, it will cost around that to mobilise a rig and crew to site and complete the first hole hole according to a very reputable source here.
The source being one of the largest specialist drilling companies in Indonesia. In his words if QPN are even close to drilling he will hear about it very quickly. Sadly HC banned him from the site after only one post, claiming he was a multinic. He never even knew of HC until I told him a few weeks earlier lol as he used to post afar. Would love him to be permitted to post here as he has a wealth of knowledge and expertise in this field. Value add ++
So far not a whisper despite QPN announcing the required permit was in place from the old BPMigas and drilling was "imminent" with crews being mobilised to site 2 years ago. Simply never happened and no explanation as to why not.
QPN Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held