Longshot yes but huge reward if oil struck. This post off another NZ site"I understand Kate-1 has a geo rating of 1 in 4 COS (chance of success) so plenty of risk but much less so than your usual wildcat at 1 in 10."dyor
Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks
AN1 CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch