iam, page-4

I think you will have to do your own research and come to your own conclusion. The MEO ASX releases are a good place to start and can be found on the MEO website.

This extract from the 2010 annual report is it pretty much in a nutshell.

"Although there is still significant risk
with the Artemis prospect which only
drilling can resolve, we have confidence
in the technical skills and judgement of
our exploration team. Accordingly, MEO
acquired an additional 5% interest in
WA-360-P in mid-2010, thereby increasing
our participating interest to 25%."


FWIW I believe a company like PBR is not apt to farm in to an average prospect on new country entry. Of all the farm in opportunities Australia wide, they selected Artemis and voted with cash.

I have substantial holdings and had planned to offload half during spud, but since PBR came on board with the substantial terms agreed upon, I'm holding for the TD results. I might regret it but I won't get anywhere without taking risk.