MEO 0.00% 0.0¢ meo australia limited

waiting game from here on, page-2

  1. 4,771 Posts.
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    From the most recent ann. I got the impression there is only one company selected.

    ASX & Media Release
    WA-360-P Farm-in Progress Report
    Key Points:
    • Final due diligence meetings scheduled for week commencing 26th October
    • Transaction expected to close by MEO’s AGM on 18th November
    MELBOURNE, AUSTRALIA (October 20th, 2009) MEO Australia Limited (ASX: MEO) provides the
    following in relation to its WA-360-P Exploration Permit.
    Material progress has been made since the update in our quarterly activities report released on 13th October.
    MEO has selected its preferred farminee and negotiations are at a very advanced stage. The final stages of
    what has been a thorough due diligence process are scheduled for the week of October 26th. Meetings to
    secure the requisite approvals to execute binding agreements have now been scheduled. The parties
    anticipate being in a position to execute binding agreements ahead of MEO’s AGM to be held on 18th
    November.
 
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