"this was their 'back yard'. Then it costs them a shitload to...

"this was their 'back yard'. Then it costs them a shitload to buy into Makutu, cash plus OXX's drill costs and they are crowing about what an opportunity it is and how clever are we! Lol."

Yes that is the way it looks.I think after the TUI discovery several dry wells were drilled in that permit.Hopefully NZO can now tell the difference in the seismic for oil and dry wells and thinks the seismic for Makutu is very promising???