Englfc the only rules are the business rules of engagement.No...

Englfc the only rules are the business rules of engagement.

No mates rates between epr and bpt.

Melinvest rule epa is simply ''breaker Morant'' style short hand for the rules and regulations laid down by the environmental protection agencies relevant to submarine well heads.

Or in other words, if you drill a hole in the sea floor that is exploratory ,,ie,,, it was not your original and primary plan to pump h-c into a production pipeline within a certain period of time,,,the epa have strict rules regarding protecting the environment from potential maritime h-c spills.

Much more strict than onshore.

Rule tcf relates to the trillions of cubic ft of wet or dry gas that would be worth around 5 trillion dollars if discovered....in line with the few million it would cost to discover it and a similar amount to come back to it with a 3 well production plan some time in the future after epr have been theoretically ''dealt with''.

As I suggest...the farm in announcement will be a far greater and more powerful fundamental indicator of what Fermat holds than any tactical and thus partially disclosed announcement forthcoming from the jv compromised Beach announcement Wednesday...it's big business,,, not a bloke named bpt looking after a mate named epr because he gave him half a thing called p46 for a song.

This will drag on for a while imo.

After Feb 21 there are other phases that are less harsh than drill x 10