data room closes this friday aug 14th, page-8

Thanks for the thumbs up people, but I'm just writing it like I see it .

There seems to be a few underlying justifiable strengths to what is happening at MEO currently and I honestly feel that there is more to MEO's shareprice than speculation .

Since the media revealed that Chevron and WPL were seperately seeking the block ( a couple of months ago) and then MEO management revealed that over 12 companies had sought access to the fields data, the awareness of the asset has grown .

Artemis is the real deal, absolutely no doubt at all - where a minnow somehow manages to secure 70% of the best energy blocks around and then puts it up for grabs - next door to a monster reserve of the biggest oiler in the nation at a time when there is a competitive hunger for reserves to feed China, Japan, SE Asia and India that is just beginning to turn desperate . Do you really think Woodside will let anyone else win the tender without a scrip fight ? Do you think that Chevron or the Chinese National Offsore Oil Company cares about Woodside ? MEO's 70% is PRIME .
These are all competitive multinationals in a small world .

Artemis is NOT even all what MEO is about though . People rarely mention Tassie Shoals, but the management of MEO keep flashing it up because they are very confident that soon enough they will have energy companies signing up to supply gas or buy product from the project .
The federal government supports the project also .
It is potentially one of the major energy projects in the nation that alone could turn MEO shareprice from a 50 cent share to a multi dollar share, yet it is almost never mentioned here .
Again, MEO has managed to wrangle a huge equity position in the LNG / Methanol project that will give an international market to what is in effect a collection of huge stranded gas fields in the middle of the ocean . What else will they do with the gas ?
Let's see what CNOOC does - There was a poster here months ago called Golden Goose who seemed well connected to inner workings (he got banned for inside info) - he wrote who was selling (correctly) but also which nation was keen to "sign up" (I think that is how he put it) .
The option to sign up for inclusion in Tassie Shoals is so straight forward for the stranded gas owners or keen buyers that I wouldn't be surprised if there was more than one deal signed before the year was over .

So, MEO has two monster projects of logical corporate ambitions :
Artemis - Over a dozen companies looking at Artemis equity with the biggest oiler in the nation as its neighbour but the US and Asian majors seeking energy security .
Tassie Shoals - a project that requires no further exploration ..... just signatures .