Since you are at it - how much for PPP and Indonesia?
Plus with NZOG's track record (PPP, Pike, dry holes), the other write-offs to come when investments blow up?
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Balance you are wrong.
PPP has always been at market value in NZOG's books.
As for write-offs in general - we work in a sector where the success rate (commercial petroleum discovery) is about 1 in 10. Write-downs for unsuccessful exploration wells are a normal course of business.
And I don't know whether it was on purpose, but to talk of investments blowing up is rather distasteful.
Well said Chris...absolutely no thought at all re Balance and his stupid use of the words "blow up"
HAH, in the case of the Blues, the B is silent isn't it?
man, they are so bad this year they would struggle to win the bye.......