RE: π΄πππππ HUSSAR-2 APPROVED30 Oct 2025 09:11
With the offtakes and partners offering to pay for all surface requirements, only a small raise should be required, provided the Hussar-1 discovery well is intact that's 2040m already in place of a 3200m Hussar-2 drill through the Salt layer (not granite) to the primary target reservoir.
Some of my others, offshore Australia, have come in at $20-$25m for ALL total depth drilling and follow up work, this should be a really cheap and cheerful quick drill, which matters not, as the POTENTIAL TENS OF BILLIONS, it unlocks, will make the raise seem like a droplet in the Ocean.
Now drilling approved, can also expect, new players to be sniffing around, especially with others in OZ having drilled and reported the same gases we are targeting , plus He-3 (140,000 times the price of standard Helium).........GLA