Your piece on Vanco was disappointing, in the sense that there is no content. The company said this and that is normal — did you check? The deal with Vanco is unusual in that the area of the license is huge. In the North Sea, blocks are 220 square kilometers with licenses being two to three blocks. Vanco received more than 12,000 square kilometers, meaning about 20 licenses elsewhere.
Far better for Ukraine would be to split the license between a larger number of companies. The amount of work required is immense and just too much for one company, both in financial terms and in terms of expertise. In addition, not all companies are equally as good at exploration, and luck also plays a part.