We only have half a hole to drill. Last CR was $4m and was told half of it is for continue drilling well2 which could start in 3days. So our $1m plus equity from driller and Schubach’s contribution $500k should make up the $2m to finish well2. That’s why I don’t understand why they won’t continue the drill in well2, unless there is something we don’t know about. Please think about it and work out the maths.
Ann: SPP Terms and Letter to Shareholders, page-55
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