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JR - I believe they could, and I have suggested on a number of occasions that this will not be lost on Shell. To take your example to the next level, Shell could pay €125m and basically get PVR for free. This would equate to 3 times current SP value, and while I know it would leave most people on this board seriously out of pocket (me included), it would not be unattractive to our most recent investors who now control these decisions.
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