Ann: Cooperation Agreement for Malaysia opportunities, page-5

Don't be rash with the conclusions you draw.

How is it that you think the ES partners are taking MEO seriously? MEO has a partner that is offering to pay for gas and arrange funds (lenders, ECA's and so on) to build TSMP.

MEO has been kicking tyres in Malaysia for several years and is an approved entity so far as O&G asset operator goes, so there is some value in the ol'gal, still.

Now that Peter has had 6 months to deal with JH's baggage, get the ship in good order, I expect a fairly intense 2H to the year.