Andrew Austin of Kistos
In the Company of Mavericks
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Exploration Potential in the Oil and Gas Market
One of the important things right now is making sure that neither side of a transaction looks silly within two or three weeks of doing a deal. I think what you need to do at the moment is work ways to share that risk over a period of time with contingent payments and things like this. We're not building the value of our company on the basis of the drill bed, particularly it does or it doesn't work exporation situations. But rather through good stewardship of the assets and good and prudent acquisition and disposal practices.
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