12-17-2016, 05:19 AM
'jft310' pid='78482' datel Wrote:Ollie -The big difference is Phil used roadshows and raised money mostly with equity before drilling. This management had a better way spend all the cash and borrow money. Who had the better strategy.??? Raising money after the Total deal was announced with a roadshow was the proper action to take as the news was fresh. Or right before drilling but not these guys no they had a better way. Spend all the money !!thats falls intothe "BRILLIANT " category.LOL.
What did you expect? A look at Hessions track record on the Browse project with Woodside would have explained quite clearly his modis opperandi. He just kept spending money until they cashiered his ass and sent him into the waiting arms of Roger Lewis and Gaylen Byker. The fix was in before Phil was gone.
The shareholders were the suckers that were asked to guess which cup had the peanut, when in fact the peanut had been eaten by the guy with the cups.