Correct: MOG will not have any obligation to meet any of the...

Correct: MOG will not have any obligation to meet any of the cost of the First well (costs will be met by Petrobras)...
So? What's new? That's the agreement with MEO that goes back to 2007.....Today however the Gas environment -world-wide- has dramatically changed, on the upside, and Artemis potential has immenselly improved....
Where is MOG's share of all that?
Nowhere......
And, the MOG announcement makes no mentioning as to what will happen AFTER the first Well, were it to be a baster.....
Why not? Because their share of the Well cost will be substantial and a new CR will be almost a certainty.......

Anyway, I am out of all this MEO-MOG-CUE saga, and actually should not be writing anything that may have an adverse effect on their Share Price.....After all, I STILL want the friends I met on the MEO thread to make money, heaps of it!!

Good luck guys.....Take care...

Cheers!!