not its first discovery its kiwi assets earn , page-15

Thinking about it kastin, there must have been some 'fine print' or perhaps STO threatened to abandon the hole unless Geoff stumped up, or perhaps STO dangled a carrot somewhere else. Love to be a 'fly on the wall'. Up to 5m not just petty cash.
Talking about having this thing a long time, I remember when they spent about 8m some years back (don't think that I'm exaggerating) on a fancy OBC (Off Bottom Cable) survey which I think was pretty much a dead loss. This has had a long gestation alright.