failure of corporate strategy, page-10

I think Starfish-1 was an aggressive play but I agree with autosime's view that the risk/reward equation looked attractive enough to give it a shot.

I've seen a few more people coming out of the woodwork lately to criticise TAP over its decision to participate in Starfish-1.

My question is - where were your criticisms in the months leading up to Starfish-1? I recall only one person saying it was not a good move in the months leading up to Starfish-1 spudding, and another that might've expressed a neutral/hedged statement.

It's easy to come out of the woodwork with the benefit of hindsight so you can wag your finger, lecturing us all on how irresponsible management were, but I think the discussions would have been better served if you came out with the opinions for discussion before they spudded.

I thought Troy was mindful of the fact that while the risk/reward equation looked good on paper, the most likely outcome was a duster and so farmed TAP's share to a more appropriate level - I think it was from 40% down to 17%.