MEO meo australia limited

gas pipeline, page-28

  1. 477 Posts.
    Armour energy with there location in the gulf and one hole limited gas find is really not in the picture to supply gas to Gove, even if they where building a gas pipeline from there location it would cost way to much compared to coming off existing gas line and following the existing central Arnhem Land road to Gove.

    So the 3800-strong mining town of Nhulunbuy may lose 800 jobs.
    Because of This I think the gas pipeline will go ahead and work will start in 2014,

    Unless there's gas in central Australia where the line starts from Then the only other is through ENIs black tip.


    The farmout WA-454-P is scheduled to conclude by the end of 1Q-2013.

    If ENI are looking at the Dataroom and with these events of Gove unfolding then you would think that MEO will be hammering out the best deal they can.

    If all goes well then the WA-454-P would could be as saltocan says our first CashCow.

    ENI have a lot of pressure on them at the moment to come up with extra gas for this project and Santos have been mentioned by gov as well.

    Pressure sure is building up for meo. Maybe a few surprises with the qtrly.
 
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