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Re: balance_builder post# 186279

Monday, 11/16/2009 5:01:10 PM

Monday, November 16, 2009 5:01:10 PM

Post# of 362900
Balance, Kina-1 took about 40 days if Malanza takes five weeks as predicted that will be 75 days @ $600,000 = 45,000,000. Their minimum commitment is 53,000,000 so they would have to give the JDZ 8,000,000 if they don't drill a third well in block 4, if it only takes 28 days like Lemba thats 7,000,000 more, it only cost 16,800,000 to drill Lemba. So a third test well in block 4 could only cost $1,800,000
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