Icewine FO the Big Fish, page-4

I guess we can only compare it to other farm out agreements in the area

Winx was farm out anticipated a cost of about $15m US (Dry Hole) for a gross meanunrisked prospective resource volume of 400MMbbls and a geologicalchance of success in the range of 25-30%.

This gave Great Bear a 10% working interest with an option to buy back in following the result

I guess the real question is can 88E do a better deal? My confidence is waning otherwise a deal would have been done long ago.

IMO our farmout will result in significant dilution far more than what some on this forum is expecting