The Permit WA-360-P containing the Artemis prospect contains another 5 leads of which we know little. The pending farm out of Artemis will give the farminee upto 50% interest in return for paying for some seismic costs, the exploration well, production testing if required, maybe a follow up appraisal well etc. Does anyone know whether they also will be entitled to 50% of the other leads? If so, it seems like a giveaway without any consideration.
MEO Price at posting:
60.0¢ Sentiment: Hold Disclosure: Held