LoveCCE, MEO won't throw it away, but if they can't commit to drilling a well then it will be taken away.
It seems like such an arbitrary thing to do - drop an email committing to drilling a hole and all is safe and well. MEO can't afford to drill the hole so they are reliant on external players to fulfill their obligations under the deal - if an external player doesn't want to provide that commitment, CUE/Gascorp get their backyard back.
I can imagine that MEO are desperate to make this happen, I think it will happen but when delays occur, muddy waters abound and the SP moves oddly people start to ask questions.
MEO Price at posting:
67.5¢ Sentiment: Hold Disclosure: Held
