proportional takeover, page-4

Hi Anatol,

This is not a normal provision in the typical constitution micro/junior explorer.These sort of additional provisions are usually added as cicumstances arise in the lifecycle of the company concerned...and for good reason.Especially when a Farmout is on the cards with other stakeholders involved in my opinion.

Call it a pre-emptive manouvre in theis chess game.I did post at the time that it might be on the card at a later date that the PF might want to do a partial take over..no doubt in my mind that it was discussed.

MEO/CUE/MOG all reside /have presence in the same Office block.

No one can tell me that MOG and CUE really had no idea about who the PF is and for obvious reasons the "WE Know Nothing" response is what you would expect.

Just maybe, one of the stakeholders is holding out for a better outcome for themselves and are putting the squeeze /gouge tactic on at the last second....whilst fully understanding the clout the PF has.

The PF has probably set the deadline to the recalcitrant ..sign or we're out!Call their bluff/gouge and
look to do a T/O in the event of a refusal to sign shortly after.

The T/O provision is there for a reason! It may just be utilised shortly.


More will unfold and my gut feel last night was that there would be announcement today stating that there was a further technical delay...I was surprised by the Suspension and the fact that MEO and CUE were not put into TH ,especially MOG.

The above is strictly my take on todays events..but I put my thoughts to you...not a conspiracy theory but a pragmatic alternative in my opinion.

Anatol, you and I have both read the "Ampla" pro forma Farmout /Farmin agreements..as you say there is an example of side agreements in practice. This was written up by Ampla for the Australian customers.

So I will post the links for others to have a look at

1.
http://www.ampla.org/lib/pdf/Model%20Documents2/Model%20Documents/3.pdf

and

http://www.ampla.org/scripts/cgiip.exe/WService=AMPLA/ccms.r

this link will provide you a tab for documents.Open tab and have a good look at what is involved including "Conditions Precedent and Penalty provisions" wtc.


and I will post again the actual Farmin agreement Octanex..an Albers company, did recently:A working agreement.

2.

http://www.octanex.com.au/dl/bid-for-orion-petroleum-limited.pdf

This should give everyone a grasp of what's involved here.

The sooner this is resolved the better off all of us will be including the JV stakeholders.

This is potentially turning into a schemozzle!

For me a takeover of MEO by the PF would give MEO's aapirations far greater credence without having to go cap in hand to investors to secure a position..it would also put the other J/V stakeholders on notice that MEO means business....The money and clout would be clearly on call.
Most importantly it would benefit the shareholders in the long term with the knowledge of a secure financial and exploration /drilling commitment and more.

Maybe they could buyout CUE. :))

Let's see what happens on Monday...as Jurgen said last year.."nothing is guaranteed"

Anyway..I will just have to have a glass of Sov Blanc to celebrate Iam's succesful posteriorally challenged Op.
Hope you have a good whoopee cushion Iam :))

Have a good swig of that Drambuie.

Cheers Dears!

The current delay know should feel like "water of a ducks back".

Disclaimer: The views above are strictly mine and form absolutely no advice..form your own conclusions..the links are there..failing that, "The Drink made me do it!"

See Ya!