The $31M bonus was dependant upon "success" at A1. PBR's decision to drill followups 2 and 3 are not, and should they decide to go again, with agreement from operator MEO, then MOG and CUE will have the option of paying up their share or forfeiting their interest in the permit.
MEO 5%
MOG 10%
CUE 15%
Still hard to fathom how it went from 12tcf (P90 8.1tcf recverable)to 0 in one fell swoop. Gutted.
- Forums
- ASX - By Stock
- MEO
- the master manipulator !
the master manipulator !, page-15
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online