wa petroleum & geothermal register wa-360-p, page-39

All part of work in progress. Get the agreement finalised with the PF, then lodge the farmin paperwork, std protocol. Feel free to explore other ventures in the region, to get a good understanding of the situation.

Anyone who's bought a property (or dealt with councils) will know how this works. Except here we are dealing with submerged lands act & far bigger fish then a qtr acre block or city apartment/exchange/55 day settlement period.

Whilst its a good distraction, once MEO & its PF sign-off, IMO they should notify the market about the progress.

As an example, KAR farmed into block WA314 frm Liberty Petr, then farmed out to BG & then applied to cancel that as the deal feel apart, then in '06 farmed out to Conoco for 51% & in Dec '09 farmed out a further 9% to COP. They promptly informed the mkt about this. The application for the last 9% transfer is still being looked at by the authorities at DMP.

So, my point is, once the sign-off with the PF is done, we should hear frm MEO, the paperwork can happen in the background (in parallel).