Gasbag,I concur. Not only has MEO engaged the majors,...

Gasbag,

I concur. Not only has MEO engaged the majors, specifically one we are about to fully sign-up, but MEO's directors have spent decades working for the majors.

Like you say, the fact that the board of a company with a $10b+ market cap has signed off on the deal says that unless something dramatic happens, the deal is done.

As with the dealing with majors bit, there is a good snippet from SEAAOC at:

http://www.meoaustralia.com.au/content/Document/SEAAOC%2009%20Interview%20Questions%20-%20MEO.pdf


2. What has been the biggest challenge for MEO Australia?
Firstly, weathering the financial storm. MEO is a conservatively run company, so we have enough cash to remain in existence for some time at low levels of activity. However, to build a company, one has to be active. Secondly, to be taken seriously by large companies that we need to partner with to realize our ambitions. Small companies typically struggle to engage with the larger companies because they do not do sufficient technical work to warrant their attention. MEO has a very talented technical team that has decades of large company experience and understands how the large companies think. All of the companies that have visited our data room during the recent WA-360-P farmout have had their expectations of our technical capability exceeded by a material margin. This is a big tick for our team.