Well done board as I have said now on HC several times the...

Well done board as I have said now on HC several times the premium 50% cost take up on Oi by PPP never made sense and NOW it has all but sentenced PPP to the bin unless oil can be found and even if it is - how does the cost overrun apply to the premium sought - does the cost overrun be added to the premium OR does it come from the premium so PPP end up with less based on the initial proposal.

This kind of decision to take up 50% of costs with no clear reward in oil equity was always a high risk play for little to no reward and now reality has doubled down on the bet to make what should be a manageable exploration wildcat into a company breaker if no commercial oil found

They bet the house and if it is a duster the board should be replaced IMHO.