MEO 0.00% 0.0¢ meo australia limited

24 hours to go, page-19

  1. 1,977 Posts.
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    Big Burger,

    To reiterate the company Investor announcement dated 15th
    September..quoting from last page.

    "Systematically crystallising portfolio value
    Farm-out on track for 30th September – expect re-rating"

    This should tell you the deal has been done to be in time for the announcement.

    At this late stage the documents/agreements would be ready for signing if they already have not been signed yet.cut off would be tommorow.

    The company would need a number of days prior to announcement to prepare the PR guff and the Announcement ready for release to the ASX.

    If this was not the case then you would expect an announcement saying there was a delay in the process.This would then occur tommorow in my opinion.

    Terms and conditions together with the due diligence process to get these docs ready for next week would well and truly have been underway since the 15th. The lawyers take their time...binding documents take some time to compile and then to have all the parties sign off on the deal takes some more time ..the Farm ins' lawyers need to make sure their client is happy with the paperwork.

    The signing ceremony will take place behind closed doors..probably over the mandatory glass of Shampoo (Bollinger or the like)

    So no need for further conjecture...just make sure your position is set...do what you like on announcement...sell /hold or buy more shares.

    The drilling will be taken care of by the Farm In and MEO can concentrate on getting the Tassie Shoals project to the next phase as well as farming out their other leases.

    They are obviously aiming for Tassie Shoals as the 100% owned cash cow ..the money derived from any gas found at Artemis will underpin the fast tracking of many other plays in the area or otherwise I am sure.

    The aim for MEO is to Cash up in an ASX 300 environment quickly with the ASX 200 as the next target.

    As i said before ,the board are not men of straw..they know how to play the O&G game.

    Good luck to everyone and as always these are strictly my opinions.

    Boring as it is ..do your own research...then you can only blame yourself...never punt more than you can afford to lose.

    Cheers

    HR

 
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Currently unlisted public company.

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