Reason I mentioned abt the recent Santos-GDF Suez (french mob) deal, the offer comprised of 2 parts & needed FIRB approval, here's the breakdown
1) US$200m (or A$243.55m) for 60% sale of STO's fields (Tern, Petrel, Frigate in the Bonaparte Basin)
2) US$170m (or A$207.01m) - share santos's pre-FEED costs for the LNG project
Total: US$370m (or A$450.56m)
Some other recent deals in the junior energy player spectrum, offshore WA are:
1) Coogee Resources sale to PTTEP (Thailand) sale of the Montara field (recent jackup rig disaster remember!!) for $248.4m in Feb '09.
2) AED-Sinopec deal for 60% stake in puffin for $617m (this deal valued AED's Puffin field at $1b) in March '08 (FIRB cleared on 28/4/8).
My take on MEO's farmout so far is, 'someone' must have the gall to outbid Chevron or WPL for Artemis.
- Forums
- ASX - By Stock
- MEO
- legally binding
legally binding, page-9
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online