data room closes this friday aug 14th, page-5

There is no way that either WPL, CNOOC or Chevron will just accept losing the tender .
I honestly feel that MEO will become corporate prey with Tassie Shoals as an Artemis insurance .
The sector and this particular stock is now in the eye of a corporate cyclone imo and the price rise recently is proof of interest . It seems calm now but the pressure is on for certain .

50% equity won't satisfy the winner imo, and any loser is going to realise that 70% was/is up for grabs before anything is signed by MEO .
I would not be surprised at all if at least one proposal is to buy the entire Artemis stake or MEO itself .
These sort of prospects and opportunities are rare especially when the prospect is a potential upgrade to a neighbour's significant resource .

If MEO is saying that 20% success equity could be worth $2 per share, then 70% equity must be worth $7 per share ..... MEO market cap is $220 million today @ 52 cents .
Surely if you had an opportunity to grab a $7 KAR for about 80-90 cents you would consider it seriously .

CNOOC are likely to be the dark horse imo . If they are looking at STO's current sale prospects and tie a successful bid into supplying a Tassie Shoals Methanol/LNG project then Artemis risk is neutralized .
Chinese buying Iron Ore equity from FMG so what would be so different from China owning a major gas reserve next to WPL who is to supply LNG to China .

Hope to get a few tomorrow if day traders keep the sell pressure on .