hold on to them

The majors including the likes of Chevron and Woodside spend hundreds of millions of dollars developing prospects like Artemis. When both Chevron and Pluto desperately need more gas for Wheatstone and Pluto, the farminee major will have a lot of leverage. It just means that MEO will be taken along for the ride and won't own a stagnant asset.

MEO are so confident about ther shelf slope geology techniques, they recently mentioned that they want to apply it to other basins!

For a major to make a $300m commitment to earn a 50% stake in Artemis is a no brainer for them. Even at $500m, a 32%+ chance of discovering 12Tcf and owning 50% in this part of the country is great value!