T619,
It is my understanding that Sepola is 100% owned by GMR.(see announcement dated 5/8/2009) Depending on the resource they find there, GMR may get Royal Falcon in as a JV partner to help fund the extraction?
But at this stage its all 100% GMR owned.
Sweden is the first project to be undertaken by JV partner Royal Group and Drake.
The share price has run for all the reasons discused in GMR thread over the last few months.
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elephant sized projects and more to come!, page-43
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