"Despite this amendment in relation to this circumstance, Moby continues to anticipate that MEO will announce a farmout of a portion of its 70% interest in WA-360-P and that MEO, or a farminee to MEO, will provide Rankin Trend by 31 December 2009 with the requisite commitment to drill the well so that MEO, and any farminee to MEO’s interest, will retain an aggregate 70% interest."
Looks more like an insurance policy for MOB. It's significant, but ONLY in the event of no farminee.
"Continues to anticipate"....that is pretty clear. MOB are essentially placing on record that they are not aware of any issues.
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under pressure and dropping away, page-65
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