Laterals to the depth ctp want will cost $15M each and Ooramina $8-$10M.
But as ctp snd Macquarie are not going to drill Mereenie we only have 2 wells to drill for a total cost of about $25M.
Never mind what the company is telling you. They know they can only afford 2 wells ie Ooramina and PV and they will be duds for the reasons I previously stated.
DJ CARMICHAEL SLAMS CTP STORY, page-14
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