Ann: Joint Development Program Commenced , page-21

Sounds like Gulf are tax scheme promotors. Punters get a tax write off, with the possibility of an earner, Gulf get a commission, Maverick gets its wells drilled for free plus makes an $83,000 profit if its a dud, and gets 66 percent plus $83000 if its a winner. Sounds like the only loser could be the American taxpayer should they all be duds.