Well FOGL has been doing the hard yards for 10 years - derisking...

Well FOGL has been doing the hard yards for 10 years - derisking their 100 drill targets of the east coast of the Falklands.

It has cost lots of $$$, and GBP has done well to hold the shares for 10 years.

Typically, once derisked a major oil company is sought to do the drill (similar to GBP). In this case, and due to the work done to date, it would not surprise me if FOGL was very close to being free carried on any major JV that eventuates.