"I will be re thinking my assessment of their technical ability. This was a spectacular failure and management need to own it."
Really...no geologist can predict the outcome of an oil well regardless of how good they are, or what data they have access to , and that includes the PETRONAS geologists who will have been all over the data...this was a lottery with higher odds than normal and with a big prize...Management gave us a shot at it at someone elses expense....the option is never drill exploration wells for fear of finding nothing...
Cheers Whisky
FAR Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
