re: Ann: MEO: MEO Executes binding farm-in ag... A1 will...

re: Ann: MEO: MEO Executes binding farm-in ag... A1 will probably be a duster so you'd want to be taking "some" profits pre result on all the jv partners imo.

CUE's the best hold in the meantime given their other production and exploration activities.

MOG is just a pure besbs play, entry timing is the question, plus Albers might slip in another CR for Cornea if they decide to drill it again.

One thing that amuses me is the independent GEO report commissioned by MOG was dismissed out of hand by the Meomites. It puts Artemis COS at 13% and mean resource at ~9Tcf. It was in Albers best interest to have a report that put Artemis in a good light, given it was the sweetener to get MOG shareholders to pay for BH/Cornea.
Therefore I cant see any reason to suspect the report played down the prospect.

Anyway, seems to be plenty of whinging on the MEO thread re sp reaction to the farmout signoff.
I actually thought MEO exceeded "realistic" expectations with the farmout terms and the current market cap generously reflects this.
Perhaps MEO's MC doesn't reflect their inhouse geo estimates for Artemis COS and resource size, but who was silly enough to believe that anyway ?