What the ??, page-25

Quiono.

"How do you explain the additional 57% then?"

Glad you asked.

I suggest they knew that they had enough material from the drilling that they had already done. They knew they could fulfill the amount needed for Cabots.
Given that drilling is very expensive, and they knew they had enough, good management would say "we are going down there anyway so why spend a heap of money on drilling when we will be able to see what else we have when we get there?"

This I feel is very good management of funds.

Holders are often saying that management should under promise and over deliver. When they have done exactly this, they then are accused of bad management because they did not know how much extra was there.

It is hard to have a win sometimes for management.

Lockitt