is the blackwood delay a good thing..., page-11

Sadly after more than 5 years holding MEO I am now coming to the conclusion that MEO management has now put he company's future in doubt and that the dream and aspirations that I long held for this company are now becoming a bridge too far.
That said, I still see significant upside from the current sp and market cap of $40m. True, ENI may appear to have the upper hand regarding the future farm outs of Heron & Blackwood but ENI would also know that MEO still has as a valuable strategic asset in Tassie Shoal so maybe it is now a case of ENI exerting pressure via delaying tactics re Blackwood in response to MEO's previous announcements concerning the consideration of "potential broader strategic partnerships" for Tassie Shoal (see release 9th sept 2012).
In a cash crisis, MEO could always open an EOI for Tassei Shoal forcing any interested parties to bid on a stake in the processing hub. I would be astounded if this excerise wouldn't generate some serious coin for MEO and possibly flush out and expedite a formal commitment from ENI on further appraisal of Blackwood & Possibly Heron. Thoughts please...