today's trading, page-12

Thanks IAM.

The T/O bid may come from

Woodside : Would be a good partner with PBR.
Chevron : Next door
BG Group : has partnership with PBR
Shell : Partner of Greater Sunrise and many others.
Petrochina : CUE's shareholder, has been approved by FIRB for Arrow T/O today.


..and many others can be listed here.
The bidder may bid for MOG as well, to have 35% share on Artemis.

MEO is so attractive for takeover atm. MEO will have $80m cash after the FIRB approval. That makes 17c per share. Then share price comes to 20c value for today. This covers Artemis, Heron and Blackwood. TS project is now to be proven after Woodside's decision that it is a viable option for LNG production. Heron has proven gas reserves as well, just needs appraisal. (20c is a funny sp by today's price, isn't it).

I would takeover MEO @50c if I had enough money. (:-)))

Don't worry about those guys trying to blacken you. I would write something to him at that time but I said he was not worth it. I am writing my posts directly to the names of posters here anymore. No more common posts for a while.

Cheers