The negotiations are materials to MEO, MEO had to disclose.
The negotiations, even if the farminee was to invest a few hundred bigones, are relatively immaterial in terms of a global O&G exploration budget.
There are no disclosure issues.
The issue is that nothing has been disclosed!
We hear all the comparisons with small companies ramping their companies. Yes, this is done by nobodies trying to build interest.
When you look at the accomplished, experienced, successful, career people running MEO, I do not get the feeling that MEO is full of hot air.
We need to refocus and understand that the drilling of Atermis later this year will be one of the biggest exploration targets drilled anywhere this year. Not a ramp. Just the facts.
I expect the farminee will be more of a jv-partner across multiple projects, but lets see how things unford.
MEO Price at posting:
37.0¢ Sentiment: LT Buy Disclosure: Held
