todays paper quotes Woodsides Rob Millhouse as saying the partners will assess weather to drill the second well.
The report in todays paper put the cost of this well at $80 million. ouch!
will they cut their losses and walk away?
so considering Kenya had a pre drill value to GBP of .75 cps(see GBP ann. 17/11/06. as per Merill Lynch report) , i'd say they still have a bit more to drop.
cheers
