toby shute getting with the times, page-18

Not quite right Sushi.
CHK $76M +++ (other acreages)
CNOOC $500M +++
HAL 1well + another + some costs - either way you look at it, it is a significant commitment. Can u name any other 'small' players that HAL has selected to JV with? I havn't seen any. They aren't the type of mob that would 'give it a go' and waste their time and resources for the hell of it.

I believe the 'out' clause was simply put in for negotiations to get accross the line.

Let SSN cook.