Apprx 49 million shares traded on friday. This is a very high volume building up. Chances are this rally may well keep going till the 14th & after.
As per the Artemis brochure on MEO's website, MEO have said out of 11.5 Tcf GIIP, ~9.5 Tcf is within their acreage WA-360P. This brochure was most likely drafted b4 the second seismic dataset was rec'd early July, hence my view.
At the end of the day its all upto the interested players as to what they think & my opinion wouldn't matter.
Will have to see how MEO handle the farm-out. They want to retain 20% interest out of 70%, hence the need to look for big-brother with deeper pockets, someone quite capable of handling the 50% stake & take this forward.
As per the last presentation, it could b anyone of the remaining 12 Major/Nationals still in the dataroom.
Will all boil down to, who wants it real bad, depending on their internal due-diligence.
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