Lets not forget the Farm-in is between all holders not just MEO. MEO are in negotiation because they are the operators and giving away most of their Artemis share from 70% to 20%.
The deal will be forward looking i.e. LNG plant and appraisal wells etc etc, I just dont understand why would the farm-in leave out the other partners in the contract of agreement???? Does not make sense, does it?
Not forget the SP will rise because a farm-in will be able to bring Artemis into production, cause of their knowledge and money....
If we were to get a farm-in who only had 40million dollars in the bank, the SP will not rise... Cause that farm-in most likely would not be able bring Artemis into production...
You need to be forward looking when pricing in a share....
MOG Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
