ronstieb - I don't think there is a need to engage in a bitter argument, and I hope you agree. The reason we have a market is there are different perceptions about potential risks & rewards and we can take positions based on our beliefs.
I politely disagree, as MEO have indicated that the farminee is an INDEPENDENT O&G company, so that should knock out quite a few.
Your assertion that you think the deal will be worth a lot less than $219m is just that, your guess, and my guess is it will be more.
Click on the poster at; http://www.meoaustralia.com.au/page/Projects/
There is a one in three chance that Artemis will have 12TCF gas, what is that worth to MEO?
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