petrohawk, page-10

The latst report shows that AZZ have spent big bucks and so far nothing really there to show for it.

IMO this whole scenario reminds me the the Oklahoma fiasco where they spent big bucks, found little oil and gas, and then ended up flogging the property at a huge loss.

The report says that the 'carrying value' of the projects on th accounts is some $34 million.

Lot's o bucks spent for not much results. Time to dump a non-performing asset??