This FN offshore blackhole of wasted cash just won't goaway. Give it away. This is just something they file to keep the rights to the lease. We would've been far better off to just let it lapse. The worse case senerio is someone comes in to partner for a portion of the development expense, and FEC ends up spending 100's of millions to go ahead for their inteerest.
The best case senerio is they let someone have it, and retain, say, FULLY 10% carried interest.
Any additional dollars going towards this farce on top of the 600-700 mill cdn already wasted is a crimiinal destruction of shareholder value.