Synopsis:If MEO farms in by 1 jan (2010, not 2009 obviously...

Synopsis:

If MEO farms in by 1 jan (2010, not 2009 obviously though that's what was printed on the release) then rankin gets 120 mil MOG shares (seem to remember payment would be delayed until end of next year or some such time)

If MEO doesn't farm in, then Rankin gets 60 mil shares, and all 50% of it's stake in WA-360-P still get swallowed up by MOG.

I think previously there was a stipulation that MEO had to farm in for MOG to get the shares.

Doesn't change much really, If there isn't a farm in partner, MOG does a little better out of it, though 50% of an undrillable field isn't necessarily better than 15%.

No fundamental change IMO

BF
DYOR