My feeling on this whole thing is that there will be no problem in getting a farm in partner. The delay could just be in negotiating just what percentage MEO will be left with. This can cause some problems should delays continue.
If both parties are holding their ground on this basis, the SP will suffer short term, nevermind how much gas ends up being in the ground.
I hold! I intend keeping on holding! But I never hold my breath with these companies. We'll never get a steady rise in SP. It will always be violent movements.
Should this be something one cannot stomach, then it's time to move aside ................. & let the rest of us play!! Cheers!
MEO Price at posting:
55.0¢ Sentiment: None Disclosure: Held