Kelso has demonstrated that he is willing to take aggressive...

Kelso has demonstrated that he is willing to take aggressive growth risks . Just over a year or two ago when head of DLS he drilled a Bonaparte Basin well with Exxon Mobil after attracting them to the prospect . The well was dry but over 50 in the Cooper basin did become oil producers - he knows oil prospects and can deal with the majors like Santos and Exxon .
DLS went on to an attempted T/O of TDO and from memory a merger with GOG . Now BPT is trying to take them over .

If BUY is going to escape it's reputation then it needs to aggressively seek hydrocarbons and hopefully find them . That is what they are going to do soon, but some people reckon that because they raised money and have had a speculative run it is still not right .
The upside to aggressive drill campaigns is huge and whilst some wells are free (PEP 11) some are going to cost the money that BUY has now it has done a placement .

BUY are gong to have a crack at becoming a major reserve owner and producer . Kelso wants to succeed with BUY and that is not free in every case . Multiple drills in multiple locations reduces the risks, increases cost but raises the rewards dramatically .