???, page-14

James58 in an earlier post you mentioned CNOOC would be adding another 20% to their already 50% - ie 70% of the combined entity.

If and when CNOOC take up their option of the 19.9% shareholding in EXE, I agree the ownership split will be approx 70% CNOOC and 30% EXE.

What concerns me is the considerable costs (to take us into production) are yet to come.... what will the EXE percentage in this partnership look like then ?