Too long without any strategic action from MEO Management with my expectations that initiatives are (have to be) afoot. Previous news that confidentiality agreements were being signed/pending with ES partners regarding TS proposal was encouraging but only reference to TS in Q2 update was talks with gas suppliers are ongoing. Methanex Corp suggests that Methanol market is robust (refer to my past post re: Methanol market). So this what I am hoping for...
Santos's significant dire financial woes and stated asset sell down strategy (according to CEO nothing is off the table) possibly may throw up their stranded Caldita-Barossa asset in WA. AFR reporting today that Santos's WA assets likely to be up for sale with multiple party interest
(http://www.copyright link/street-talk/santos-asset-sales-to-drive-ceo-choice-20151006-gk29rw ).
selling to MEO's Methanol partner is an obvious choice for Santos as it would provide the only cost effective option for commercialising ES for which Santos is to receive a bonus US$100Million from ENI upon a favourable developmental decision.
MEO Management have to deliver/be part of the above strategic initiative as our options for longterm viability are otherwise bleak.
PLEASE DISCUSS...
Too long without any strategic action from MEO Management with...
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