What are approx. development costs for onshore? my guess very low as compare offshore, i hope chariot can proceed with development on their own without loan and without partner, just phased developments and first phase pays for second phase and so on
market does not like un-certainty e.g. what is cost of development? what if new well is 1 TCF or 1.5 TCF or what if it is not as much big as people expect, what this is un-certainty
i think big question is cost of development, if it is $500million then we only need 30% which is $150million and we got $80million
Makes you think if Onshore was so good and cheap then why did they spend money on offshore, they should have first done onshore then offshore rather than other way around