legally binding, page-6

Ya wrote
"Recent FIRB rule ammendments means a deal above A$219m needs to go thro the FIRB approval (benchmark was A$100m mid-year, which has been revised)."

MEO have stated FIRB approval is required so given the FIRB monetary threshhold is $219mil, should we assume MEO's farminee is potentially spending that much ?

http://www.firb.gov.au/content/monetary_thresholds/monetary_thresholds.asp

The latest update by MEO only mentions WA360 in the deal and I wouldnt have thought a farminee would be paying more than $100mil for seismic back costs, 2:1 on first well and 1.4:1 on two optional followup wells.