MEO ORG

Ann: WA-454-P farm-out agreement executed with Or, page-11

  1. $eeker
    244 Posts.
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    22/07/13
    17:46
    Post #: 12095008
    re: Ann: WA-454-P farm-out agreement executed... Looks like they will seek to farm out more of their remaining 50% interest:

    "MEO will seek to defray the residual 20% cost exposure to Breakwater-1 prior to drilling”

    So if 80% of Breakwater costs is worth 50% weigh in then what % needed to further farm out to a totally free carry?
    MEO Price at posting: 6.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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