My initial reaction to this announcement was that the deal had the BOD of FO written all over it versus the initial 50% transaction which had Bruner written all over it. I am more comfortable with the recent NR but was very unhappy with the original deal.

I am hopeful that FO will not have subscribed to the current heavy financial burden to assess the permits but will attempt or has been attempting to re-negotiate the commitment on a more practical financial basis.

I agree that FO should advise it's shareholders as to it's partners on the project and the work program commitments for 2009. We need transparency!