The CR could be in many forms but the timing inevitably leads to a conclusion that MEO are leveraging it on the up and coming drill and the interest it will generate.
Hopefully any newly issued capital will not impact too greatly when the ann is released, with volume up then if it is an insto and they do sell then it may be absorbed quickly and can even seen as another buying opportunity.
With Heron in the background then this cap raising may be a contingency for the drill just as they did for Artemis prior to Petrobras coming on board.
I do remember Jurgen stating in the BRR Round Table discussion that their 25% stake in Artemis isn't set in stone so there are many permutations on what form this CR will take.
You can listen to it here if you missed it the first time round:
CLICK HERE FOR 2 SEPT 2010 ROUND TABLE DISCUSSION
trading halt, page-87
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