Here s the truth if you are the biggest international petrol & gas company such as Petrobras, Statoil, and Iraq Government Oil and you are looking at our region and a farming wouldnt you buy the business for 180 Million and be done with it.
Woodside I dont think so.....
But hey I have been waiting for an announcement for 3 months and I had no idea about the capital raising.
I would expect that MEO is on there own and have the money to do so. That is a hunch as 200 mill has been wiped of the capex and management have said only " ".
MEO Price at posting:
32.0¢ Sentiment: None Disclosure: Held