GHY still worth $80m after they drilled and found more helium than normal in the formation water that stuffed their chances of flow testing and it’s been worth twice that before they really had a good look. No accounting for spare woke cash lazing around not buying proper O&G explorers potentially worth multi-bags when it would rather be on the lookout for new age startups to crash & burn.
Ann: Farm-out of High Impact Rafael Shallow Exploration Well, page-15
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