re: Ann: MEO: MEO receives final regulatory a... "Money to derisk, lol ,want monumental tosh,if their rolling in it,why dont they do the DST at Artemis #1(in the event of gas found) contemoraneously ?
Has anyone got a reasonable answer?"
Yes.
Why would MEO spend money on a DST on #1 when they don't have to. It would be a complete waste of shareholder funds.
One of the main points of the Petrobras deal is that Petrobras has the option of becoming the operator in the event of a gas discovery. The DST will come later and the costs apportioned to all the partners.
As what happens at WA-360-P is major factor in CUEs bottom line, it would be of benefit to CUE shareholders to understand what the trigger events of WA-360-P are and how these events will decide who has to spend what and when.
Good luck with CUE
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