artemis...the hunt is on, page-3

Still a fair way to go for MEO and that mention in the weekend edition of the AFR was very very brief.

For those new to MEO, here's the link to the Artemis farm-out from their website.

As with any farm-out's, MEO would b keen on negotiating, recovering its share of apprx $8 million spent on the 3D Seismics & costs of Drilling 1 well + production tests. Pending the results of which, they may choose to drill a secondary well.

Hopefully a clearer picture will emerge over the next couple of weeks.

There's a slide on one of their preso's in May/June that has the valuation estimates on it. For now, its what the share price is, 27c with more movement due north after major milestones are achieved. Small steps for now will do.

cheers