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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)
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To: Geoffrey who wrote (500)11/22/1997 3:59:00 PM
From: Donald Lickman   of 866
 
Geoffrey, you are wrong. Each well drilled is very different and so is the cost associated. Factors lick depth, remoteness, mobilization costs, operator, rig day rate etc.
International wells for $1 to $1.5 M is considered the low end of the spectrum in most frontier areas and particularly offshore can run upwards of $8 M

It appears that if INDX wants to drill as aggressively as they state then they will obviously need to bring in additional partners to fund the drilling (as they did with Boral Energy) in return for an interest in the venture. Very common practise for juniors.

INDX has some spectacular targets and I hope they make a world-class discovery. (this is because I am Long shares)

I live in hope.
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