Small share offer to existing shareholders does make some sense.
I would think about $25m should do it.
The last part of the Dec 5 announcement gave a hint: Processing and analysis of this extensive data suite was required before the Joint Venture partners were able to commit to the Epenarra production testing and approve the substantial additional investment.
Like the news last night and wonder whether Heron North has been upgraded. Like the low CO2, liquids components C2-C5 and reservoir pressure, amongst other things.
Awaiting further information...
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held