Better to ask Gary at IR - In relation to Post 5811, I asked Gary the cost of drilling. Here is the question and Gary's reply:
Recently, it was stated that the costs of drilling are as follows: The TPW project has enormous potential but it also has enormous expense associated with it. Each deep hole is $250,000 and the wedges are about $150,000 each.
My question: Does it cost this much?
Answer:
DRILLING COSTS $100 A METER - SINCE WE ARE DRILLING 1000 METERS WITH EACH HOLE THE COST IT $100,000 PER HOLE AND THE WEDGE HOLES ARE ABOUT $70,000 EACH. HOWEVER, THE COSTS GET INCREMENTALLY HIGHER THE DEEPER WE DRILL.
FWIW,
B
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