Not quite true.Dr Daz last post 8.3.13 1500 views.Thats what...

Not quite true.
Dr Daz last post 8.3.13 1500 views.

Thats what happens.

The market simply does not believe MEO anymore.

Having said that, Juaro has previously been successfully tested and even before Gurame was drilled, whilst there was little interest in Gurame, Ibu was drawing a lot of interest. The market has spoken, and was right, as it so often is.

RBC operates out of Syd in Australia, and have not crossed paths with these guys . . . but their list of transaction in North America is of reasonable scale.

http://www.rbcrichardsonbarr.com/Transactions/

An enormous number of risks remain with MEO, including medium-term solvency, however I would not be surprised to see a divestment of Seruway netting >$100million, even for a partial interest. Its black oil, its 1/4 of a billion target with upside and gas, from proven structures mapped on 2012 3D.

Lets see