evans shoal & ts getting press, page-6

Hi agent.

I think the TS profile may only be on the rise publicly. The companies in the area I am sure have been aware a long time. My basic worry was/is that for a long time MEO want/ed a larger slice of the pie than they (companies) were/are prepared to give. It's one thing to save money on the infrastructure needed but then have to fork over the equivalent savings to MEO in upfront payments and royalties. That's just my speculation, but I've considered it for a while.

A JV partner would be good, 25% of something is better than 100% of nothing if that meant a free ride and a signing deposit to keep us alive.

Also speculatively speaking. Unless it is for a substantial sum I would not like to see them sell it. I would much rather them lease it with a smaller royalty if necessary to at least create an income stream for MEO (and some SP value).

From my retail investor point of view, I do wish that any CR would hold off until something regarding TS is in the works.