Thanks Subah.
My thoughts are more along the line of MEO pitching in some money so that Magellan can pay the $80m to Santos. For a % of course.
This may have been a last minute thing as Magellan couldn't get all the money together.
That this stage, this would not be able to be released to the market. Just speculation of course buy one that would fit.
SEAAOC
The acquisition of a 40% interest in Evans Shoal is a large transaction for Magellan, which is still seeking funds for the $100 million deal and has yet to settle the transaction almost six months after it was announced.
Hendrich would not comment on whether this left the door ajar for MEO, but he did tell PetroleumnNews.net a number of opportunities were emerging to acquire gas for Tassie Shoal.
http://www.seaaoc.com/news-old/planets-aligning-for-the-high-co2-fields-of-timor-sea
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