Demerara - in an earlier post(s), I stated that at the AGM, Peter said that wells #3,4&5 were each $1mil to drill and complete, and well #3 was being produced at a shallower depth than the Copper Ridge. I heard somewhere that JB#1 had paraffin issues, so you're probably right that it is an issue in the Morgan Highpoint area.

My earlier calculation assumes that the two deep wells will be drilled with more knowlege than they had going into JB#2 (obviously a big learning experience for all), so I assumed $5 mil - a guess - for each well. Add to that $1 mil for each of the 20 new shallow wells, and $1 million for JB#6, and we have $31 million, for the 23 wells that have been announced.