Ann: WA-454-P farm-out agreement executed with Or, page-2

re: Ann: WA-454-P farm-out agreement executed... Farmed out 50% to Origin for a free carry on a well and $5.6M in back costs

Very impressive

I stand by what I said earlier about the company

"People can say what they want about MEO and their team but from where I sit they have always managed to time and time again generate very high impact company making transformational drilling scenarios

This is their niche really
a) Find a project that may offer a giant high impact target
b) spend a small amount of money firming up those targets
c) farm it out to a big boy with very deep pockets for a free ride on the drill and also get back past costs
d) ride to drilling wave

Great business model and one day they will hit the big time with one of these mega drills"