RE:RE:Africa Energy enters definitive deals for block 2BWaitingstill, I agree. Tey'll need a lot more money or a farmin partner to carry them through some drilling. The water depth on this block is shoreline to about 800' so drill costs will likley be at the lower range of your estimate. I note the description on the Crown Energy page states that the goal is "drilling of an exploration well to support the existing discovery well to establish resources in the reservoir." This is typical of a new exploration period in a PSC - it requires an exploration well to meet the commitment. This normally means a well with a target demonstrated to be a separate accumulation from any existing discovery. An appraisal well of the exisiting discovery may also be drilled but it won't satisfy the exploration obligation of the new period. This means they have agreed to put money into a higher-risk exploration well in order to extend the contract and have the ability to pursue appraisal of the old discovery. You're right that this money will likely be hard to find in this industry environment, but as you say one never knows what the Lundins have up their sleve.