Doctor Daz,I guess from your answer that we are all still in the...

Doctor Daz,

I guess from your answer that we are all still in the dark as to wether Meo is bound during negotiations by the terms it was seeking in their originl FO proposal.
Given the large upgrade potential gas in place,and as you say the shift of the gas market during negotiations.
I have no doubt that Meo in relationship to Artemis even at 20% + free carry on three holes is cheap at the present time.
I saw in an earlier post someone worked potential gas in place out to be worth $200 billion.
Like you say Meo have many many ways to fund their position in Artemis.
If the $200 billion figure is correct,then a 70% stake verses a 20% stake are poles apart,for the price of being free carried on 3 holes + reinbursment on previous seismic costs.
I just hope Management have the balls to walk,and take a different path if The dont get what its worth from the PF.
Attracting a Major is one thing,
Letting it go too cheap is another.
I guess Meo Management know what they are doing,on our behalf.

Not too long now.

Cheers
Kimbo