Moby recognises the technical skills and financial heft that MEO?s proposed farminee could bring to the joint venture, should a transaction between MEO and its farminee be consummated.
MEO?s potential farminee has sought agreements from all participants in the WA-360-P joint venture. These matters are in relation to the possible establishment of a stand-alone LNG project (in the event of a successful drilling outcome), and also to amend some aspects of the Joint Venture Operating Agreement that exists between the WA-360-P joint venture participants. Moby has no issues with and has supported the matters sought by the proposed farminee.
..CUE
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