The story has developed very quickly...wih the apparent...

The story has developed very quickly...wih the apparent involvement of the PM and Federal Gov fast track approval of the funding for the pipeline, subject to gas being made available.

ENI trying to work with Gov, because of whats at stake here.....ie save the town.

However should MEO be asked to close its data room early and do the deal to make 454 availalbe....then maybe a significant up front payment can be negotiated.

To take pressure off their balance sheet now, would be a great relief for MEO investors, and likely see immediate SP appreciation.....pre news on Greater Sunrise, Blackwood drill, and as you say agentdownload...likely drilling within 454 this year. Throw in Heron North, Seruway farmout/drill and Tassie Shoals methonal deals with Shell/Eni and ConocoPhillips and Asian methonal offtake.

You are right.....Petrel, Tern and Frigate are owned by Santos and GDF SUEZ....supply into Blacktip, would involve a 90km pipeline and maybe not suit Santos/GDF SUEZ plans for a floating LNG (however I would concede, Petrel,Tern Frigate may yet be involved here, with this Gove pipeline).

MEO not know to surprise with upside/positive news....so just have to wait and see again.....as to what happens here. However if investors take time to google all these recent Gove pipeline links....it is hard not to think MEO 454 are not a real show here - which could be very positive for the company. Very soon, one way or the other.