Would you provide breakdown of what is included in the $20K cost of the well.
With out this it is difficult to determine what additional material/infrastructure is needed for water planning.
I hear of late that shareholders are paying around $30k now, as the price of parts and materials continues to rise.
Recent inflation has driven up the cost substantially from around $20k to $26k.
As far as the timing goes, here’s what the Chairman of the Board responded:
“When their well will be dug depends on when they move out to the ranch. If they don’t know when they will be moving to the ranch, we will put them at the end of the list and it will be about a year (if we do not get any other well drillers to help drilling). I don’t know what the current parts pricing is. But ours was $9,918.73 for parts and labor was $10,000.”