Ann: Quarterly Activities Report for quarter endi, page-31

re: Ann: Quarterly Activities Report for quar... The farm in partner announcement really needs to be a big one.

The question that needs to be asked:
Why did MEO pick a preferred nominee (from many others) that has never operated in Australia before, resulting in:
(a) the need for board approval to invest in Australia (before finalising documents);
(b) the need to do a Capital Raising as MEO were not sure the partner would proceed;
(c) the need for FIRB approval; and
(d) the protracted negotiations for what generally is a straight forward farm-in deal.

If the answer is, because the farm in partner was huge and offered a fantastic deal to us, then I have no issues :)

Anything else, and the board really has severe credibility issues.