SM 74 V Vermilion (VR232)

Given that in the last announcement it was stated that planning and technical work for SM74 is very advanced,
what are our thoughts on farm in strategy. If BOEM accept our bid for the VR232 then this will automatically mean that Otto and Metagasco have Farm in rights and will no longer have any rights to SM74. My understanding is that we could then go it alone if we want to and have 100% of SM74.

Do we think BYE will want to go it alone, or do we think having farm in partners and spreading the risk is a better strategy.

regards

Arthur