now trading at cash backing, page-2

The company also said:

"The Kruger1 well, the second well in Ambassador’s first ever drilling campaign, has a mean recoverable oil potential of 380,000 barrels from the Basal Birkhead/Hutton formations, with an upside potential of over 800,000 barrels of recoverable oil."

and we now know how that went.

This well was supposed to be the less risky as opposed to shocking 1.