If the farminee Board approves the transaction in mid December and the only hold up is the FIRB approval, MEO can sing off on the farm-in subject to FIRB approval and commit to drill by the deadline. MEO would know from the FIRB what the parameters are for FIRB approval. Have a look at how many permits in the Carnarvon Basin are owned by foreign companies. I do not expect FIRB approval will be an issue.
ANZ
dilemma, page-4
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