WangChung / vcj,Its a glass half empty perception issue. They...

WangChung / vcj,


Its a glass half empty perception issue. They had to discose the estimated costings as it is material information but went about explaining that we only have to pay the full whack if successful. But they went about it in the reverse context and said we don't have to pay it all if we are unsuccessful thus highlighting the worst case scenario.

Seems to me that if the well is successful and we have to pay a few million towards to the costs then that will be the most rewarding few million ever spent. If unsuccessful then the vast majority of the cost will be picked up by Eni.

Just a poorly phrased statement in my opinion but all good in terms of intent.