how will positive news be announced?, page-24

As I understand the farm-in by PBR both MEO and MOG have committed their share of any gas to an LNG development with PBR. Therefore a T/O of either of these 2 is IMO unlikely to appeal to any company not in the JV as the gas cannot be committed to an external party looking for gas unless all 3 companies agree to do so. Happy to be corrected if I'm wrong.

This would not preclude say WPL from a T/O of the MEO/MOG if they are happy to be in a JV with PBR but MEO/MOG's gas share could not be directed to a WPL facility without PBR's consent.

ANZ