Lanman excerpt:
"Pursuant to the terms of the exploration permits for the calendar year ended December 31, 2009, the Company is committed to drill eight wells on Exploration Permit 76, 98, 99, 117 and shoot 100 kilometers (approximately 62 miles) of seismic, at a total estimate cost of $37 million"
Sandy9:
Hi Lanman1! The way i understand it, they already have the monies
alotted for the above. What i don't undersatnd is how they can do that
many wells etc. for that amount of money? Is this tight basin
much shallower. We did less wells in the MAKO and the price was astronomically higher, confused as to the difference here?
Atb
Sandy9