We need to sit back and look at the deal with Woodside and where PCL sit. 3D seismic doesn’t mean anything other than where to drill to hope it hits on a virgin drill and at the end of it they take 12 percent after tax and royalties home. 6-12 months to even drill long way away and even if you drill this is a madden drill the probability as Scott describes it is like a 5 percent chance and that’s why he says IVZ is part of that 5 percent
General Thoughts, page-489
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