fact or fiction, page-15

Hi Analyst 66 -

And welcome to the Meo Forum. Interesting post and don't for a moment think that the Meo folk who have been following this company for years cannot handle either another point of view or substantive criticism.

You are well and truly entitled to your opinion re farm out deals......just looks like Meo management believe they might be better off without one for the Gurame drill ( which represents a minor portion of the targets on offer in the Seruway Psc ).
I take stock with your following assumption - " Why is a large investor existing this company? .....it comes down to Gurame..."
Your words. How can you know this?
Is a large investor actually exiting the company or reducing their holding as discussed in a Thread last week?
Are you referring to Bentley Capital? If so then maybe you should dig a little deeper on their major shareholder and his track record .......but from I see they are not exiting. And if they are , great!
And logic dictates that no serious major holder would exit because of dissatisfaction with a minor drill when the real action is happening as we speak....exit now and watch Heron deliver?....? Why?

Your next massive statement/ fact is...- " The consequences of failing to farmout Gurame is that Meo will be forced at some time to do a capital raising..."

Really? Well I'm not sure if they're selling Crystal Balls in your neck of the woods but again this is your interpretation or assumption. Others see this differently - you acknowledge in your post that Meo have in the past either sole- risked drills with success or put together highly professional and profitable farmout deals that have left other minor players in awe.

I always have a problem following posters who don't hold stock, as your newly devout follower, and can only appear to tell us what's wrong.
I have no trouble or ego problems admitting that Meo have to point not delivered on many shareholders expectations..........but they have continued in the face of various headwinds to grow the company both internally and with the addition of various permits that allow the chance of success in many varied regions.

If you don't approve of the non-farmout deal then don't buy the share! I personally like the fact that Meo are NOT farming out Gurame but going on the front foot and backing their judgement. No one will ever know the background to this deal or lack thereof, at least not in this Forum.

Have you had a peek at what they WILL farmout at permit 454P?

Your final inaccurate observation is ..." that's what's spooking the market...." Big deal ,so either Cs or whoever continue to churn and plunder and the hapless folks that don't get it get frazzled......the action han't even begun and a few million shares changed hands.

Disclosure. I will hereby agree with all the negative stone throwers and naysayers...Meo need to find some Hcs ....that's exactly what we are doing ATM