the boy who cried wolf, page-44

In a takeover situation...all assets and liabilities, as well as rights and obligations, rest with the acquirer.

I am sure - that to be the case

Rules struck no doubt, to avoid a a situation otherwise, whereby the new owners decline liabilities, as being the obligation of the previous entity.

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Just with regard to the farmouts, which are now very much a focus for the company and its investors......its certainly worth going back to the 20 minute mark, in the exploration mangers presentation, at the AGM.

See link below:

From that 20 min onwards, there is discussion just on the farmouts.....at that cap of $40m, suggest listen to the interview.

http://media.openbriefing.com/meo/explorationupdate2012/index.html