MEO meo australia limited

Re Quarterly Activities Report

  1. 747 Posts.
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    More drip feed on Far Cape Energy Pte Ltd by the looks of it.

    Rouge Rock to get 45% on exercise of their option of the Vulcan blocks but, as announced IN ANOTHER FOOTNOTE, the total farm out will be 50% on exercise of options .

    So I guess that means Far Cape will get the extra 5%. Still nothing in the detail of the Quarterly Activity Report on what they have done to earn their option or anything about who they are or who MEO dealt with. One would think MEO would be more forthcoming. After all, it is or appears to be a foreign registered company given the PTE instead of PTY so its not easy for shareholders to research the company as you can with an Australian listed company such as Rouge Rock.

    So why the lack of detail??????????????? Surely, an option with Far Cape which appears to entitle it to 5% of the Vulcan blocks if exercised would be considered price sensitive.
    Last edited by Justlocal: 02/08/16
 
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