Yeah I agree with what your saying but they state that they...

Yeah I agree with what your saying but they state that they EXPECT to retain a minimum 20%.....and if saying the farmout is successful than the $75 mill is for 20% not for 70%.

Granted that LNG increases and has been doing so the past week but big companies dont like to take on new exploration or ventures when there is so much doubt in the world economy....remembering cash is king in times like this.

I hope there is a big surprise and a major signing on is announced as I would definitely jump on board....all I am saying is there is still alot of uncertainty in this transaction. Hence the reason money is flowing out of MEO and has been doing so since September last year.