Listening to DM at the AGM outlining the DHI's, conformance with structure and GWC, outlining the 30+ interested parties coming back to the dataroom to examine the impressive technical work, is simply put, world class.
His response to why this is very different to Zeus is also very reassuring.
Petrobras's involvement appears to be absolutely comprehensive.
Just to clarify for those that are quoting inaccurate and outdated information.
The MEO technical team are predominantly, ex-EXXON, the worlds largest O&G company.
The farminee, Petrobras is now the second largest O&G company after the recent US$70b capital raising.
The project is the largest single undrilled prospect in the Carnarvon, an in terms of conventional resources, probably the largest in Australia.
Karoon's Poseidon is much deeper, smaller and fragmented compared to MEO's Artemis. The upside in 361P also provides additional upside which appears to be in the multi-Tcf league also.
MEO Price at posting:
56.5¢ Sentiment: LT Buy Disclosure: Held
