flurry of news anticipated

MEO hopes to achieve the following by the end of this quarter (in three weeks).

Priorities for the quarter ending 31st March 2010
- Execute binding agreements for WA-360-P farm-in
- Secure drilling rig to drill Artemis-1 in 2nd half of 2010
- Continue efforts to secure gas for approved Tassie Shoal projects
- Continue discussions with prospective partners for Tassie Shoal gas processing hub
- Selectively screen New Venture opportunities

That's quite a few market sensitive announcements pending.

From the half-yearly;
"Farm-in offers were received in early September and during October MEO selected its preferred Farminee who
subsequently received their Final Board of Director approval for the transaction in December."

So farminee only offered Right to Negotiate in October.

Then to coincide with BOD approval, MEO execs met with farminee execs:

"At calendar year end, a senior delegation from MEO visited with the preferred Farminees executive
management to discuss the implementation of the Joint Venture, including the finalisation of the requisite
documentation."

So its now been 9 weeks since the deal has been largely agreed on. After MEO pushing back timelines, you would think that their January guidance of "end of the quarter" would be solid, so we are now a maximum of 3 weeks away from a deal.

With the SP down here, we are less than half of the recent SP highs so I'm tipping some excellent leverage, not to mention prelim spud date for a prospect (Artemis) which potentially has more gas in place than Wheatstone, Pluto & Julimar COMBINED!