Well, I didn't say there is lot of growth in the wet gas...

Well, I didn't say there is lot of growth in the wet gas business. But another oil major can make it pay.
Again, you have to look at where capex is being made. Drillseach will spend $55m in the 2nd half. There is still leftover spend on unconventional shale gas. No question that it is not that flash. But the issue here is would you pay $1 for Drillsearch. If you are an oil major and you are crunching the number as to how much Drillseach is worth you would concentrate on the sustainable EBITDAX. Not this capex that you been too concern with.
All I can say is you better put your money somewhere else. This game is not for the faint hearted!