meo vs kar, page-15

NXS doesn't seem to have any short term information other than rising on KAR and Browse.

While MEO is looking at a farm in for Artemis with due Diligence finishing of 12th August.

Almost a no brainer given Woodside need more gas to get the economics of their Pluto investment to pay. WPL could do a deal with Apache but MEO much better prospect given prior sensitivities and relationships.

The other players in the area will all bid to make sure if nothing else that WPL pays top dollar imho. For this reason MEO will be a surprising high beneficiary as they will have to give away less than we and the market are expecting.

Remember 20% carry is worth $2 a share. I would imagine it will be closer to 50% imho.