Edison Investment Research - Melbana Energy (MAY) Update: Securing deals and tightening belts

Report

Edison Investment Research

Update: Securing deals and tightening belts

It has been a turbulent three months for MEO shareholders. The Neon merger has fallen by the wayside and NZ production has been shut in. While an unsolicited offer remains on the table, which the board of directors urges shareholders to reject, MEO has undergone a rapid review of costs and has cash to weather uncertainty for a reasonable time. The entry into Cuba weeks before softening of decades-old US sanctions is one to watch and deals in Australia are being executed.

23/02/2015 6 EN

Underlying

Melbana Energy

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AU000000MEO1 Australian Securities Exchange Australia

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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