"....and if they did, it seems a reasonable assumption that Page...

"
....and if they did, it seems a reasonable assumption that Page would be well aware of it.

....hence a whole new can of worms."

Agree. If their is some magical out clause, then Page should know about it. It also lends itself to not being totally above board or indefenseable. Or GGP could publicly state whate they are doing before or after Lease expiry. But they haven't and I suspect even after they wont or cant.

If it (the tactic) is totally above board and rock solid then they would play the card imo.

Lukeben, FP is buying because the legal issues are trivial anyway imo. A few percent here or there. Lease retension is number one priority and even if we lost 50%, the remaining 50% can easily justify the current market cap if it gets producing like neighbouring PB wells. It's just about timing.