MEO 0.00% 0.0¢ meo australia limited

new ann - mog aquisition of 15% of artemis , page-15

  1. 536 Posts.
    Lest, MEO have no ownership of Artemis - they get 70% upon fulfilling their obligation to fund drilling. They can't fund drilling so they are farming out their farm-in.

    If the deal goes ahead, this is what will happen:

    CUE & Gasorps 100% share will fall to 30% (or 15% each);
    MEO will take ownership of 70%;
    Gascorp will hand their 15% to MOG;
    MEO will then give 70% of their 70% to the new player;

    CUE will end up with 15%;
    MOG will end up with 15%;
    MEO will end up with 20% (hopefully, but maybe 15%);
    XXX will end up with 50% (hopefully, but maybe 55%);
 
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