re: Ann: NT/P68 farm-in agreement Conditions ... Corporate -...

re: Ann: NT/P68 farm-in agreement Conditions ... Corporate - Hotwolf is referring to the last paragraph in the Accouncement from 18th May:

"In a success case, MEO will receive a full financial carry for all exploration and appraisal drilling and all costs associated with bringing the Heron and/or Blackwood gas discoveries to a Final Investment Decision (FID) and receive a one-off cash payment of US$75 million in return for 75% equity in NT/P68"

You've got to hand it to these guys - despite the clear lack of success so far, they sure know how to get others to pay their costs and to pocket plenty of coin. Just imagine how these guys will get on if they actually drill and find something...