Indo-Pacific Energy Ltd. (INDX) Message Board

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Gold/Mining/Energy : Indo-Pacific Energy Ltd. (INDX)

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To: Geoffrey who wrote (507)	11/24/1997 7:49:00 PM
From: Donald Lickman	Read Replies (1) of 866

Geoffrey--even in the Taranaki Basin the cost of a well can vary depending on the debth, rig avalibility and mobalization cost. I am told the recent Fletcher Challange Energy (I know the General Manager), Mangahewa well (which was a deep well) cost around US$5 Million plus US$1.5 to complete the well. Prior to day rates skyrocketing this may have cost around US$3.5 Million. The shallower Mt.Messenger formation in the Taranaki would be around the US$1.5 (dry hole costs) plus $.7 Million to complete. Why don't you do some DD

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