great move, page-2

Held up in London OK, so I would expect back to 24cps today.

Am not sure what to think - is this a typical farm-out? I can't find many records of PGS farming-in to exploration blocks, but perhaps they generally on-sell their share once they've added value?

40% seems a lot to give away to look at existing seismic and get some interpretation, but then also perhaps suggests that PGS must place reasonable odds on at least one of the blocks being commercial?

Interested in comments, as O&G is not my normal field of interest.