Thursday, July 30, 2015 7:39:27 AM
and there is not really a clear answer. As you can see below, the project is described as a "drilling campaign" with one firm well, one possible well, and then, maybe, even more wells. Obviously the $20-$30 million cannot cover all of that, but does it cover the firm and the possible? I cannot say for sure, but after reading the entire document and realizing what a massive undertaking even drilling just one well actually is, I'm inclined to think the estimate is just for Tarach-1, although I'm probably also biased by the terms of the PSC saying that the minimum expenditure for one well would be $30 million.
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