the feds will ensure ts works!, page-10

Cheers Areo.

You are right, nothing is ever a done deal and in my view some relatively minor uncertainties remain, but the problem for MEO (opportunity for investors) is that the market has severely mis-priced these risks.

Small-cap investors by and large do not understand the scale of 5+ Mtpa LNG plants and the risk/reward profiles, whilst large insto investors that understand the big end of town, do not understand MEO, yet!

With the new experienced hands on deck at the new office on Collins, MEO should be able to unlock some of this value rather quickly.

Unlike NXS holders waiting a decade for Shell to do something, when things happen at NT/P68, ENI needs to move quick! Hell, they are already 12months ahead of schedule with Blackwood, only 8 months after agreeing to farm-in!

I've done the numbers previously and young Reis in country vic has also, basically without MEO spending a dollar, ENI getting NT/P68 to FID will be worth >$1/share to MEO.