When did they drill Magellan? How much oil have they produced...

When did they drill Magellan? How much oil have they produced from that well? That was their last supposed success but it appears that it was nothing but "hot air" which they haven't been able to sell. What was the depth of oil show for Magellan?

Answer those questions and explain to me how, at this stage, we can be guaranteed of a better result when all that has changed is the company name and the same directors are quickly running out of funds.