What about Ethiopia - i agree with you. I think they are waiting for some drilling results by another explorers in this area ( look at Tullow Oil Q4 report today - in outlook 4 EW in South Omo if my memory works good) and then farm-out a portion to decrease expl. risk. IMO that is right strategy, CVI is only junior small/mid cap oilco, not multibillion company like Tullow, Afren or Marathon. Extending of PSC is quite common, IMO.