I.M.O. Finally the smokecurtain disapears, almost all permits...

I.M.O. Finally the smokecurtain disapears, almost all permits are for, partial, sale. Except Heron, Blackwood and South Madura.
And, as stated in their latest activity report, they are going full speed ahead with Tassie Shoal. Read below and make your own decision.

During the quarter, MEO progressed the commercial framework supporting the first Tassie Shoal Methanol Plant (“TSMP 1”).
Two significant milestones were achieved.
The first was the signing of Letters of Intent(“LOI”)
for offtake of methanol with three short-listed major
multinational buyers. While the LOI’s are non-binding, they
represent the culmination of negotiations over 12 months and contained key terms including pricing, quantities, take or pay and duration. Final offtake quantities will be aligned with MEO’s participating interest at FID.
The maximum aggregate LOI demand exceeds the TSMP 1 total supply capacity.
The second milestone was the development of a non-exclusive
relationship with a major Asian chemical industry participant that is considering taking a majority interest in, and assuming operatorship of, the TSMP 1 midstream
development (“Midstream Operator”).
In conjunction with this potential TSMP Midstream Operator, indicative offers were made to purchase raw gas (including CO2 )from regional gas resource owners. Indicative terms offered included Price, Delivery Point,
Maximum Daily and Annual Contract Quantity, Take or Pay and Duration. During the course of the quarter, the
Midstream Operator and MEO determined to seek sufficient gas supplies to support both TSMP 1 and the second proposed methanol plant (“TSMP 2”).

Make your own decisions.