Running Commentary on the SP Movements., page-13250

Some very good points there, sir.

It is imperative for any deal to not be killed off, by a skyrocketing SP. A deal is a deal and it always represents the best possible compromise on conflicting interests and priorities. Yet, deals are moving forward milestones and they do not promote inaction.

And yes, ML said that his job in China had been completed. But, he also pointed out that 60c wouldn't cut the mustard, implying that either such an offer had been suggested and declined, or, anything around that level could not form the basis for any negotiating.

I believe that the rigs are on site and if a TO bid markedly beyond 60c is not made in a matter of days, they will start drilling with all the accompanying consequences. Suitors will not walk away, no. The recent accumulation speaks clearly of interest. However, the one that we all are assuming to have the upper hand in acquiring this will be opening up other options and adding complexity for both sides of the fence. Unwanted complexity for themselves, primarily. Mr. Eckhoff is aware of that.