Speaking to the media after company's annual general meeting on Thursday, Peter Coleman said the way work commitments are structured in Australia, particularly for frontier basins, meant companies had to make significant commitments without really knowing enough about the asset.
“We saw that with the Outer Canning programme that we drilled out last year, we bid on that programme I think back in 2012 or thereabouts, it was a large commitment for us, we drilled three wells and they all came up dry,” he said.
“So
