Post by
Lonegaurdian19 on Mar 07, 2024 7:19pm
Back of envelope math
2 Wells @ 6.25% @ roughly 100 mil a well is 12.5 million via loan
Then "up to 32.1 mil"
so almost $20 million unlocked and 2 wells.
so 2 wells are drilled, eco has enough cash for at least two more. 2 Exploration then 1-2 Appraisals
its also wild Total and QE walked away from Guyana to departner in SA