Don't think so. Balance probably stocked up on the very cheap NZO shares after the TUI write down and the PIKE fiasco knowing with time KUPE and PO would turn the company finances around regardless of the short term problems. It was just a buying opportunity and I am sure he was more than smart enough to act on that knowledge. The mushrooms were the short term sellers he incouraged to the slaughter.
But lets get back to drilling.