1.Spent six months looking to find a partner with expertise and clout to drill three wells.
2. AFR "understands" identity released 2moro.
3. Petrobras, Statoil, Cairn Energy have been tipped as potentials.
4. Incoming partner takes a 50% stake, reimburse MEO for costs of seismics, and in the event of a discovery cover MEO's share of costs in another two wells at the permit.
MEO Price at posting:
45.5¢ Sentiment: ST Buy Disclosure: Held
