MEO 0.00% 0.0¢ meo australia limited

maybe they have just secured the option for the drill rig,...

  1. 87 Posts.

    maybe they have just secured the option for the drill rig, without yet committing drill time/date with the provider.

    This might make sense for two reasons:
    1. They may not have exact availability dates from the provider yet
    2. if MEO still felt the Farm-In deal was going to go through, the Farm-In partner would more than likely be the one to contract with the drilling provider instead of MEO, and also the Farm-In would commit to drilling more than one hole, changing the size & nature of the drilling contract.

    Just my Opinion.
 
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