RE: well costs:23 Mar 2021 12:55
Sushi,
"UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme, and at $3 Million per well total amount of 15 Million. Not much different than the market cap. That is if nothing goes wrong and they keep to budget. And do not hit more water.."
Not true UKOG are scheduled to pay for first well then 50% of costs on subsequent well, so it would be about 9m in total.
Still, important point is that, where will they get the money from??
Dilution imo