Hi Austin,I guess that at that level I will cry ignorant as I...

Hi Austin,

I guess that at that level I will cry ignorant as I know there is a lot I don't know but on the face of it if MEO kept the whole 70% and they drilled and found GAS then giddyup, the SP will be in the $10's and then capital raising would be a piece of cake.

But if the drill is a duster (and all drills are high risk) they would have burnt their bridges and more than likely have no capital left so SP would then be a non event if MEO went under.

Again, I'm no high flying financer so just speculation on my part, so much more detail to it all that we are not privy to.

Cheers