Given how hard it has been for MEO to remain solvent, I am NOT...

Given how hard it has been for MEO to remain solvent, I am NOT in favour of drilling Shannon with our own money, too high-risk for MEO at the moment.

What I would be more interested in is for MEO to acquire KEA's interests for $1m, then farm-out ALL the drilling costs of Shannon in return for 30 - 50% equity. This way, MEO get free-carried in the drilling, but even in the even of failure, MEO will have acquired a larger interest in Puka and surrounds.

I want to see some wheeling and dealing, to MEO's favour.