>Thank you Soly, this article pretty much sums up the difficulty of putting a price tag on development.

You are welcome.

There are too many variables involved here to be able to come up with any kind of estimate. However, I believe the Szolnok formation still is the main target for Phase-2. Assuming that is being the case, then we can also assume that what they’ve learned in the Phase-1 will assist the new team to come up with an improved model for the next well. And who knows, they may even succeed on the first try :)