As Bello has pointed out b4, there's also the Tassie Shoals angle which I didnt touch upon. IMO, the key driver for MEO's SP will b a bigger player - a bigger banner.
MEO have the assets & the state govt's blessings to develop this further, but they badly need to negotiate with someone experienced, going fwd.
And then, of course after the farm-out, the usual process of hiring a semi-sub for the drilling nxt year etc etc.
Noticed that Lady Nora prospect is held on WPL's side just like Artemis is a thinner extension of Wheatstone.
Talk abt the 'Breadcrumbs Approach' WPL have!! They left Echuca Shoals for NXS & IMO its the tip of the adjacent Ichthys field & Shell's Prelude fields. They messed up Buffon well in 1980 till Karoon came along & now this!! It will only help all those newbie explorers, share the spoils of winning & discovering.
MEO Price at posting:
27.0¢ Sentiment: Buy Disclosure: Not Held