Austin,
You:
"A little surprised that this has come before the farm-in ann."
I was pretty loud about cap raising coming after farmout - I would consider MEO's last farmout ann as a pretty big confirmation.
Still - I would of still picked that they wait for the final partner announcement.
This may suggest that WPL (the market favourite) is not the final choice.
That - with my theory that MEO will cap raise with the final farmout ann - Albers chose now rather than later.
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