It would be nice if it turned out that your spin, gregbauer, is...

It would be nice if it turned out that your spin, gregbauer, is correct.

However I have come to the opinion that the 15% that PPP was offered is not only subject to the Vietnam Government approval for them to farmin but also, as it has been stated, subject to the waiving of the pre-emptive right of PetroVietnam to exercise its right to backin (on the basis of that 15%).

So that is the 15% that is to be decided.

The other partners have got their share set. I doubt that their shares will be altered or tampered with in this case.

So, whether PPP is trying to put the best possible spin on the situation now ahead of the AGM and has suggested that PetroVietnam are to take PART of the 15%.

That way shareholders will be somewhat mollified with the idea that we are not going to lose the whole 15%......just part of it.
But we have no idea how much "part" is. So shareholders are left pondering an unknown. Much harder to get your teeth into or argue about.
An unknown quantity creates a bit of a fog.

An actual figure creates clarity. And perhaps anger !