Just a stab in the dark,mabey the side agreement is with Woodside or Cevron for the processing of the gas upon success.lets face it if it was Petrobras or Statoil and they wanted to go it alone for processing the gas it could take 5 to 7 years to get a retern. So they could drill the hole and sell the gas to WPL or CVN for a premium. This deal could be a steping stone to the Tassie shoal project where a retern on there money could be a lot faster with all the approvals in place. All we can do is wait for now.
MEO Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
