Now come on freddy let's not be like that so early in the new year. If by your account I have misread one too many gove articles of late then happy to sand corrected re 5 vs 25 years....
Meo may wish to off load Zeus and Artemis but would have trouble finding a buyer at such short notice.
Fact is no cash From an imedate divestment then cr a must in very near term and even at ten cents to raise a lowly sum of $25m circa would increase share registry by cica 50% which spells a disaster.
Fact is meo now need eni on so many fronts, including Heron, Blackwood and of course eni are really the only serious regional contender putting their hands in there pockets who are capable and driven enough to Make tsmp a reality!!!
So cash for 454, Blackwood and heron 2013 well commitments and please, oh please, some form of mou for tsmp if Blackwood comes up trumps. The $75m fid kicker for Blackwood could then be used as a line of credit to assist in funding meo's 10% equity in ts.
Ibu Horst not an immediate divestment option as 3d not ready.
So where else will the cash come from without commitments from eni.
Adl
Ps any future typos I intend to put down against these damn touch screens....
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