If the drill is successful then the 'Additional analysis and discussion' could well have been about the future development of TS which would then become a JV with the newbie. With funds from a successful Artemis drill then MEO would be cashed up to continue with TS.
Quite a few O&G companies have construction arms on their books. At the moment MEO look commited to Torp loading and expect to pre-build the methanol plant and LNG storage tank, in Asia, on concrete gravity structures and towed to the site.
It makes redundant the term farminee though in this scenario?
MEO Price at posting:
54.5¢ Sentiment: LT Buy Disclosure: Held
