Soj,
Reckon that you're on the money, or thereabouts anyway. That's along the lines of the mail (aka industry goss) that I have heard as well - no pre-empt on COP share, Wood ducks here to stay and Cairn to farm down at some point, 15 - 20%. If 20%, then 15% to the ducks and FAR to increase by 5% and the ducks to be the operator.
Let's see what transpires, can't say it's not interesting and no shortage of goss about.
Jimbo
Cairn Half Yearly highlights, page-101
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