Probably a fair point Tretch, (TU from me) 'absolutely nasty' is...

Probably a fair point Tretch, (TU from me) 'absolutely nasty' is a bit strong but, you know, WS surely doesn't come out of this smelling like roses. When WS was selling the IP deal to CKK I don't think he would've been saying the rig could eventually, once fully tested, earn 10k a day drilling in Slovakia.

Hey, I know it was a 'dry hire' so its just about pure profit and would've strengthened the company. I wish we took the deal and I hope we still can at some stage, so thankyou WS for the offer, but I'm just saying, the IP deal on the rigs, was it at 28m, was not that favourable to CKK, if you look at the economics over 3 and 5 rigs with build costs, finance cost, IP cost, cash burn to market and manage it and the significant risks involved.

We don't know what Cygnet want to do, so why not call the EGM and force their hand?