Ann: 2Q FY24 Quarterly Report & Appendix 5B, page-298

Honestly, there are times. There is really no difference between “prescribing a limit” and a “pre determined limit”. It’s self evident to anyone who has ever actually been involved in a JV that without agreement, a party cannot take any more than their participating interest. Here Hancock have a 50% PI so they can take up to 50% of the certified reserves absent unknown express provisions otherwise in the JOA. Somehow I doubt those are that restrictive as they would also fetter STX if they were.

If you have to try to run me down rather than deal with the merits of my arguments, I would be appreciative if you could at least try to come up with a decent insult or two, not the melange of nonsense you keep trotting out.