Apparently this hole has been dug before and had some mechanical problems. But somehow it was independently assessed to hold 6Tm3 gas. Where did the results of assessments came from. Could we get our hands on those info from previous drill? I still think why would CRC gave away a 50%chance of $1.2billion only by spending a tiny $4m of their exploration budget. Given that they had all the info from previous drill. It doesn't make logical sense. Note also that our CEO is not even a geologist. He hasn't got a clue of the potential. He is just a deal maker, financier. These people shuffle and sell papers to investors. Everyone is expecting to lose specky stock as gamble, that's how these people feed on. The craze for a punt. Winning is the exceptional norm.
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Apparently this hole has been dug before and had some mechanical...
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