Important release from MEO. Significantly sized (giant??) farm-out play for material equity including required (stated cash consideration) to be concluded within a specified end of October timeline. Wording of release is interesting: 'Giant prospect in true sense of that term as understood by industry...extraordinary...testament to the calibre of our exploration team'. Fighting words and I read it as though JH is very excited by this prospect and is hitting back at all who doubt the capability of team MEO. A lot of credibility is riding on this prospect and time will tell if MEO finally finds its magic.
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