lol
the facts are they had a small chance of finding oil and/or gas on the very first drill. Especially with 2D only. One in ten wildcats succeed regardless of COS blurbs. I did very well out of GBA, thanks. It is also a fact that the reason for the drill was to secure the extra 60% they wanted of PEP11. Also they wanted to set a precedent for offshore drilling within eyesight of the populated coast.
myself and Hot Capital saw the writing on the wall especially when Goh Hok (lol) sold around $1.10.
I was was never a fan of BPH or D Breeze.
News: Advent Energy poised to develop gas resourc, page-31
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