AlE "In the past..." You have answered your own question. Hard to find success stories in the small cap O&G sector ATM. Negative drilling results have hammered the SP of many.
As MEO were once touted as being the next KAR, I just had a look at their Nov review. Interesting is there share registry breakdown. KAR have 44% held by institutions and of that 44% held in the US, 14% in Asia and 34% in Australia. Certainly this would be affected by the interests they have in South America.
Just wondering how the institutional holdings would develop in case this program of wells deliver? Do you think MEO would list in Jakarta?
MEO Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
