MEO 0.00% 0.0¢ meo australia limited

cart before the horse

  1. 12,085 Posts.
    Hi all

    Probably get blasted for this opinion.
    I think the deal should have been focused on the primary target, find the gas. To get involved with the storage and marketing etc is putting the cart before the horse. I realise some will say these aspects need to be sorted but IMO it has potentially jeorpodised the JV.
    Once the gas is found(if any) the associated parties would be forced to reach an amicable agreement or the gas will just sit to rot. When it is in front of you reality sets. At this stage it is all about the ifs......

    I say, IF you all don't sit down and sort it out with out greed and egos you all get squat, except a battered share price for your efforts and SH who will take future CR and Farmin ideas to the trash can!

    Only my opinion. Hope it works out. At this stage,hope is all we have,fundamentals are out the window.
 
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