Tiger, its unconventional shale still, not a conventional well...

Tiger, its unconventional shale still, not a conventional well in the respect of a massive reservoir from a single well. (You need to look at Florence history for similar, and both IOG and COI for some area history)

You'd be looking at region of 200,000-400,000 EUR
It's a long hit, but IP will be interesting, and declines here faster.

Been plenty of "oil hits and gushers" over last 4 years with AKK. In fact they had about 12-15 wells flowing at one stage and NEVER once hit CFP (cash flow positive).
All those wells, incl 30% share of some EFS "gushers" came back to around 120boepd NET to AKK.

Just don't get carried away, it's not what you are thinking right now.