my perception, page-5

Sometimes it doesnt hurt to not hold a massive % of a block. Look at PCL, it only holds 15% in its main block (L8 off Kenya) but look at the partners its attracted (Apache, Tullow and Origin)....and look at their SP.

To be honest with the extremely poor perf of WHN's SP, i think i would probably settle for WHN to soften their stance of "not selling the farm" and have them give away a larger portion (more than 50%) of the Seychells if it meant we could get a really big player in bed with us. Obvisouly i dont want the company and the holders to be completely dudded by the JV agreement.

At least with a big JV partner on onboard the likelihood of drilling is a near certainty and that will definitely raise the SP (like PCL)

Btw, regarding no 3D = no partner....PCL had BG and Cove onboard as partners before any 3D or 2D was shot for their Kenyan blocks....howvere i guess that situation may have been different as i think that may have been a syndicate to win the blocks like our Palta bid...but i could be wrong and if i am then it i guess its possible to get a big player like BG with no 3D.