I just had a phone call from my reporter contact in Rio de Janiero who has been doing some digging to see if it's PBR.
His contacts over there have heard nothing to indicate that our PF is in fact PBR. He said it's not unusual as they are tight lipped as that's they way they operate..a very tight ship.
That's not saying that it ISN'T Petrobras, but from what he's gathered so far...it's doubtful.
He also thought that the capital commitment needed to commercialise Artemis will be huge and with their Pre-Salt fields etc, they have their hands full in that regard.
One thing in it's favour is that PBR are specialists in deep water drilling, so that's one tick and he said they are the world's best at that sort of venture.
He has also spoken to the reporter who wrote the Reuters article back in Feb where he interviewed the PBR exec. that stated they wanted to tackle NWS resources in Aust. That reporter also doubts that MEO are the target...Hmmm.
He said the 19th March PBR meeting may shed some more light on the subject and will endeavour to dig deeper once that's made public.
So there we have it..
PBR has gone down in my estimation now as to them being our PF.
Make of it what you will.
Let's just wait for the 3 trading days and hopefully all will be revealed.
MEO Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held