IT all comes down to CNE, page-189

The sale by COP is to WPL too cheap.

And CNE in my view realise that SNE/3S mega is a dream assets.

Plus CNE are Scottish with major Scottish shareholders who have backed CNE for years, I remember flying up from London to Edinburgh to see CNE in 1991 to discuss our JV in Thailand with them, talk about wanting to drill wells.

Then if FAR doesn't pre-empt CNE ends up with 60% of the biggest oil discovered since 2014.

And this amazing oil and gas discovery SNE/3S, five fantastic wells drilled, no edge or thinning of the gross 100m oil seen and two wells have been flowed test at way above commercial rates.

When COP farmed in to the license it was complete wildcat drilling, not now it's just delineation drilling to see how big the field is.

Much much lower risk profile.

I sure CNE could actually fund bring SNE/3S mega into production themselves, the Scottish fund manager will be licking there lips and saying it India all over again where CNE sold just 58.8% of its discoveries in 2010 for USD 8.8 billion.

There is no way CNE will not pre-emptive.