better to try and fail than not to try at all

Get over it people, it is the game you choose to play. This game isn't easy and I'd rather try and fail than not try at all. If you aren't prepared for failure in oil and gas go and put your money in the bank.

I'd trade failure at Tindalo for success at Gindara any day of the week. The rig should not represent a major cost to get out of in the current market. The tanker may not be too bad either given the current oil price.

Ultimately while a painful experience if Gindara comes in all will be forgotten. It is the main game for NDO not Tindalo.

Lets get some perspective. We are talking ~5-10mmbbls at Tindalo. Gindara is maybe 100x that and more importantly will derisk some truly mammoth prospects further out (300x Tindalo) if it comes in.

OK?

OK