RE: ASX Viewpoint8 May 2019 10:43
"so we could have generated enough income from existing wells to fund our portion of the costs in light of this farm-in"
Unfortunately, msmn will want to get it drilled sooner rather than later, they are still losing money each and every month. From what i can work out, their break even point including all salaries is around the 210 - 220 BOPD
Waiting till Q3 is counter productive. Q3 i would be expecting MSMN to move onto Welch Horizontal work