The ONLY thing that would get me to stump up more cash here for a CR is for Monetizing TS.
So their short of cash, then why, go into a farmout they can barely afford for what looks like at this stage very little return if even that.
Admin costs are high to say the least.
I feel like writing a letter, but it would not be to MEO.
To Mr Peter Coleman CEO of Woodside Petroleum
Dear Sir
MEO Australia is cheap as chips for a buyout, it can be picked up for a song. It's main costs are Administrative which you can take care of with a stroke of the pen and some pink slips.
They own Tassie shoals and have Environmental Permissions in place for modular infrastructure to produce LNG and Methane.
If you kept it as a subsidiary for the short term it may not affect that.
The one can knock on Timor's door and say, "Hey, I've come up with a great idea for monetizing Sunrise cheaper than anything we've come up with to date."
Also to ENI 'Hey bud, you want in for ES? We'll take care of the methane side, our money is there ready to go, is that a yes or no?"
regards
M
Okay, so that may be the facetious side of me coming out, but one can dream can't he?
MEO Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
