Another good one by IAM"LT business plan put forward by MEO"What...

Another good one by IAM

"LT business plan put forward by MEO"

What would that Long Term plan be then ?
It has definitely worked for more than 10 years, so cant be too bad ?

Have an approval for putting a methanol plant on a shoal in the middle of the oggin, that expires in the 2020s.
This acts as an anchor to fall back on whenever some investor asks whether any gas they may find is "stranded" or "unusable" because of the 20-30%+ CO2 content
They say all is well as Methanol plants love Gas with those high CO2s. The 2020s timeframe gives them the space to work the Business Plan.

1.Permit farming - convince some "big guys" that the Nearology of their latest permit is a compelling case for Farming-In and funding a few holes

2.Permit sourcing - always have more than a few permits on the conveyor waiting for when the next duster is announced and the Farminees decide to hit the toe and run for the exit

3.Capital Raising - Investors seem always impressed by the technical wizardry of the squiggle diagrams and the detailed methanol plant schematics, such that the dollars seem to jump out of their pockets into the MEO coffers.
Investors are advised that the "big guys" will be doing most of the funding so the Capital raised is just in case and to pay the Administration costs of the Management and the ASX listings.


Keep repeating until there are no "big guys" left who are ignorant of the MEO Business Plan


Cheers