I guess the option of transferring the block was mentioned on...

I guess the option of transferring the block was mentioned on the initial farm-out flyer on Artemis earlier on. Perhaps there's more complexities then anything else.

Wonder if MEO are being fussy about signing up in October or is the paperwork that complex, given what's happened to 2 other Melbournians in the past. Back in Oct '05, BG got out of KAR, Oct '06 COP got in the KAR, Oct 08 Mitsui annexed itself from a US$255m farmin with Nexus citing GFC as a reason.

Anyways, either WPL or CHV make good sense, as both are committed to drilling 18 & 15 exploration wells in the future. Woodside are focussed on Pluto for now & Chv at Gorgon, as these 2 projects are the future cash-cows for them, so MEO are in the right place & the timing is just right. For now, look fwd to friday's preso by WPL.