The ann. of Petrobras shouldn't have had a huge impact on MOG...

The ann. of Petrobras shouldn't have had a huge impact on MOG simply because everyone expected a major and thats what MEO got. There was no real benefit to MOG as to who the partner was as MEO were the company farming out and in a postion to get leverage from the farm out. With MOG the facts were known. They had a 15% share of Artemis (now 10%) and they were going to be free carried for the first well and that there was a committment by MEO to drill before 31/12.