allowed, giving the entire catch an economic value. The system works extremely well in achieving its aim that not more than a third of each stock should be taken every year. It is well supported by the fishermen [...] one respected fishing journalist recently wrote: There are always some complaints, but the grass roots hatred and sheer loathing of the management system that is heard from fishermen in Iceland and most

focus on active exploration. Roots Gas is another recently formed E&P company which is concentrating on buying producing assets in the southern gas basin. In January 2001, Roots acquired a 50% stake in the [...] the Audrey gas field from Centrica for an undisclosed sum. The company?s aim is to be a very low cost base player intending to gain additional value from operational efficiencies. Marubeni, one of Japan