ann: mog clears its position and supports meo

Yes, it is clear now that MOG clears its position and supports MEO all the way. Good on you Albers!

Now we are sure that it is the evils of CUE stopping this deal.

Petrochina...!

Todd might be selling their shares to Petrochina too.
Who knows! Who is Todd in comparison to Petrochina? Nothing.

MOG's ann:

Over a period of some months, MEO has been in negotiation with a potential farminee in relation to MEO?s aggregate 70% interest. While Moby is not a party to the negotiations, it has been supportive and remains supportive of MEO?s farmout endeavours. Moby recognises the technical skills and financial heft that MEO?s proposed farminee could bring to the joint venture, should a transaction between MEO and its farminee be consummated.

MEO?s potential farminee has sought agreements from all participants in the WA-360-P joint venture. These matters are in relation to the possible establishment of a stand-alone LNG project (in the event of a successful drilling outcome), and also to amend some aspects of the Joint Venture Operating Agreement that exists between the WA-360-P joint venture participants. Moby has no issues with and has supported the matters sought by the proposed farminee.

MEO has, today, re-confirmed its commitment to the drilling of the Artemis Prospect and has advised that it has secured a drilling rig option which would see Artemis drilled by Q4 this year.

Moby?s status as the holder of a 15% free carried interest through the drilling of Artemis-1 will not be altered by the outcome of MEO?s farmout endeavours.