Yep times have a changed .... in reality drilling costs are done by what, 2/3rds ?? .... as such should be able to currently achieve same risk with 3 times the exposure ..... or how about this for a left field solution, spin off 50% of A2/5 to raise the required funds with all existing shareholders being offered a renouncable rights issue in new company proportion to existing shareholding in FAR .... those that want to stump up can, those that don't can sell that right whilst still maintaining desired exposure.... lets keep this baby (or at least the majority of) in house so to speak
Malcy Not giving up on BP, page-79
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