The rapid deposition of energy by Edge Localised Modes (ELMs) onto plasma facing components, is a potentially serious issue for large Tokamaks such as ITER and DEMO. The trigger for ELMs is believed to be the ideal Magnetohydrodynamic Peeling-Ballooning instability, but recent numerical calculations have suggested that a plasma equilibrium with an X-point - as is found in all ITER-like Tokamaks, is stable to the Peeling mode. This contrasts with analytical calculations (G. Laval, R. Pellat, J. S. Soule, Phys Fluids, {bf 17}, 835, (1974)), that found the Peeling mode to be unstable in cylindrical plasmas with arbitrary cross-sectional shape. However the analytical calculation only applies to a Tokamak plasma in a cylindrical approximation. Here, we re-examine the assumptions made in cylindrical geometry calculations, and generalise the calculation to an arbitrary Tokamak geometry at marginal stability. The resulting equations solely describe the Peeling mode, and are not complicated by coupling to the ballooning mode, for example. We find that stability is determined by the value of a single parameter $Delta$ that is the poloidal average of the normalised jump in the radial derivative of the perturbed magnetic fields normal component. We also find that near a separatrix it is possible for the energy principles $delta W$ to be negative (that is usually taken to indicate that the mode is unstable, as in the cylindrical theory), but the growth rate to be arbitrarily small.
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