I cant see them doing a cap raising before heron results.Last...

I cant see them doing a cap raising before heron results.

Last time MEO did one pre Artemis results, was due to the fact that

1) share price had run from 20 cents to 60 cents, thats alot of premium riding on the results of a wildcat
2) Meo didnt have all the irons in the fire they have now, in otherwords they had too much riding on the artemis success
3) we have seruway and other potential JV's that would inject funds into MEO coffers.
4) we have enough funds to last us a year $50mill

We have totally savvy management, and they want to add value to MEO in the best possible means. With a decent COS from heron and a $75mill payment if so, add to that the above points, cant see a cap raising happening, maybe if the share price doubles or tripples pre heron results.