CAPEX & COMEX, page-56

SA was cheap to buy but the costs involved in selecting the site (due diligence over many months), field testing and drilling was a lot.

Azure will need to sell the plot for many millions to break even and this is extremely unlikely because it’s so tiny and economics so marginal (even by Azure’s modest standards)

I actually think cutting losses on SA is a prudent business decision but do not shy away from the fact that SA ultimately disappointed and the choice of this tenements was wrong.