I totally agree, that 1st well we drill will cost 3 mill but the rest of the wells will only cost 2 mill each

Don't know why but will be learning as much as possible soon.

There is a term called a DOME. This DOME that Apache spent all the money surveying on this  section covers nearly 3 quarters of the lease. That's when investor's whip the check book.

The 2 old wells that produce 250,000 barrels were  on the edge of this DOME not even in it.