1 - The CO2 will need to be geoseqestered with the nearby depleted Arun gas field providing ideal storage.
2 - We are quite overwhelmed by the number of unsolicited expressions of interest we have received for the Seruway PSC.
3 - MEO is in fortunate position of being able to consider retaining 100% interest through the drilling unless it receives a compelling farmin offer.
4 - ExxonMobil who previously operated the PSC covering the Kuala Langsa discovery had proposed connecting Kuala Langsa to the LNG plant and re-injecting surplus CO2 into the depleted Arun field.
Why would MEO mention about ExxonMobil past proposal in this announcement. Is ExxonMobil interested?
In the previous MEO presentation they had ?? against Seruway; was that hint for today’s announcement. Similarly stating ExxonMobil in today’s announcement, is this any hint?
Is Jurgen releasing small pieces of the puzzle? Am I reading it correctly?
MEO Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
