fact or fiction, page-27

meo didnt farmout in indonesia and costin them at least $25mil. market is worried that only $30 less admin costs will be left in the kitty by q4. meo suggests it did have farmout offers but not on their terms and went for it..

Do they realise that there will be less than $30mil left...I think so...so why is the market worried when meo isnt but still made the specific decision...

To do this meo must be very confident about heron. Its free of costs so they have $60mil worth of exploration and greater than 50% chance of upside. Aprox $30mil left will keep meo going for at least another 1 to 2 yrs..seem a logical thing to do regardless of what the market says at the moment..