The only down side is that MEO will take the full risk of drilling (and of course the full reward if successful).
From my reading of the announcements, the PF was not the only interested party, and MEO will re-open the data room for other bids.
That is why the share price has stayed about the same level despite the uncertainty of this deal proceeding.
The only down side is that MEO will take the full risk of...
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