It actually is very close to Bre-X.
Bre-X said they had something, when they had nothing.
Montello says they have nothing, when they had great reasons for drilling the JB#2, and spending $9 million on it.Then they drilled the #3, #4 & #5, and announced 23 more wells on the property.Peter Brown, at the 2008 AGM spoke about how they’d found oil, and knew exactly what was down there.The professional posters and assorted strategies to screw investors wouldn’t exist if nothing was in Tennessee.
Therefore, it’s exactly the reverse of Bre-X technically, and exactly the same as Bre-X quality management wise.