Yes its a shame we didn't win but paying 100m for a license is definitely not a bargain imo. What it has shown is that we had 100m that we were willing to spend on a license for a project. As the announcement has mentioned we are now very much a 'player' that should get invited to future projects. If we can wrangle some sort of consulting deal with Moxico with regards to this project then that's a bonus. 100m outlay would have had me nervous given this is only the start of the costs we would have had.
Ann: Saudi Arabia Exploration Licence Bid Result, page-4
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