Another thing to consider is the increase in reserves since the...

Another thing to consider is the increase in reserves since the deal was announced to execution date. AOE is spending how much on exploration this year 50+ million??

That level of drilling would produce a significant increase in reserves in 4 months.

Shell have no LNG project without AOEs reserves and the acquisition is based on a very attractive rate per GJ even more so when you factor in an increase in reserves.