ga,
lets not forget that the farminee will own upto 50% at best of the permit and will be one of 4 joint venture partners. This will be a joint release and if the farminee decides to defer execution of this jv agreeemnt without justification or good cause I would expect MEO to pull the pin. I am confident that the delays to date have already tested the patience of MEO as evidenced by the need for it to have to conduct a hasty CR.
So, I disagree with your granting them a perogative to drag this out unnecessarily just to suit some perverse sense of the exercise of power as the major farminee.
ANZ
- Forums
- ASX - By Stock
- petrobras eyes gas opportunities 2009
ga,lets not forget that the farminee will own upto 50% at best...
-
- There are more pages in this discussion • 1 more message 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
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online