re: Ann: MEO: MEO Executes binding farm-in ag... "Im interested to see if any posters have any thoughts on whether IF after the first well is drilled and they decide to proceed with the 2nd and 3rd sites ,how CUE will come up with the required $18.6US. for their portion of the deal .Im hopeful this will be aquired without dilution to the existing share registor."
Come up with it? They are sitting on $25.3m as at 1 March baby.
May be closer to $30m at the moment. Then there is the Kimu sale. There is also the possiblity of a cash bonus for Caterina farmout as well similar to Artemis farmout - which we hold 100% of. The cash won't be a problem!
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