joint venture alert., page-7

Btw people quoting $3.5m to do the next well, should keep in mind that some of that should have been spent already! So it probably isn't 3.5m left to spend.


Without any guidance from the company we have no other accurate figure to work with than the last figures we were given in last year's capital raising presentation.

As far as what they might've spent it sounds like there has been little spending to date, just calls for and reviews of tenders. Presumably the vast bulk of the $3.5m forecast cost of drilling will be the actual cost of drilling the horizontal well.