Sorry Johnny I wasn't having a go at you. You might've taken my...

Sorry Johnny I wasn't having a go at you. You might've taken my post the wrong way?

I welcome your point about MEO but there is a big difference between leases for wildcat wells which any company could hold with a letter of request to the govt/council, and in ground resources that are viable to mine and sell for a profit.

MKO are 2/2 in their first two projects, and I think MEO are none from many over the past few years if I'm not mistaken.

When you say 'asset backing', how do you assess the value of an asset in your books? Could you give us an example with MKO?