MAY 4.17% 2.3¢ melbana energy limited

I re-read the releases and it seems that either STO or TOTAL can...

  1. 122 Posts.
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    I re-read the releases and it seems that either STO or TOTAL can take the full 80% (and fund 100%) if the other doesn't proceed. Considering they have spent $5M already on a seismic shoot, the result was expressed as positive and they haven't pulled the pin yet, you'd be a reasonable person to think the odds are in our favour! Throw in Beach as SAM0408 mentions and you'd have to be cross-eyed to not see that we holders will see some honey from the Beehive! GLTAH
 
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