Hans it would be nice but improbable to get to this price any time soon... Why not:- 1. SPP at 20c 2. 40m at 245c 3. meo will need cash therefore u can guarantee more shares to be available in the short term. 4. Flow rates unknown. 5. Indonesia is re-evaluating its oil/Gas industry and could be impacts...ie must sell domestic only...bigger take of profits..etc...etc.. 6. Obama is under pressure to release USA cheap shale gas into the world markets via LNG..this will take the profits from the off shore gas fields...
Dont want to rain on this parade...but must have a balance goin forward...given the above, I am still buyin
MEO Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
