ZN says they plan to survey 50 sq kms around the dry MJ1 well. Taking the sq root of the hippopotamus: 50 sq kms = 19.3 sq miles. Current 3D seismic cost is $100K/sq mile * 19.3 sq miles = $1.93M. Round up to $2M, and that leaves $8M. The Brown gang then goes on to try to make a big deal over permits, and importing the equipment. Along with negotiating "potential surface damage". So they are going to set off seismic charges in the middle of ag fields? LOL It's a bunch of nonsense.
The strategy for the Brown gang is to string the SHs out for 6 months. Then come back for another $10M to drill a well that costs a fraction of that amount. Then recycle the previous MJ1 PR pumps. Midway through the next drilling it will be time for another PSPP offering. The net result is SHs get to anxiously await another dry well over 2.5 yrs. Wonder if the SEC will have completed their investigation by then? About 2-3 yrs is the usual snail like SEC time frame.
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