Ann: Trading Halt, page-107

Gee it's really difficult to agree with anyone from Arsenal but you're speaking good sense. All of the debate about resource/reserves, inferred/measured etc misses the point that you actually have to start somewhere and there has been only one prior drilling campaign.
As to the previous owners of Estelle, look at its business model. It is a drilling company and a prospect generator not an out-and-out exploration company. Everybody makes mistakes and it looks like Milkrock made one here. It won't be the last company to walk away from a discovery e.g. IPT and Boda. S**t happens.