I must too admit the mood at the AGM seemed as though Christmas had come early. Was it unprofessional ? Perhaps...
But perhaps they felt what everyone else was feeling... That we had a top notch operator drilling through heaps of gas About to prod test two zones... Something that hasn't been accomplished on this permit for over 20 years.
A potential company making point in time
I too would be excited.
I don't think we can assume JH and co new anything more than we did.
Maybe us as sh mis interpreted a few heron updates eg #10 which alludes to mud loss but of background gas.. I know hindsight is a cheap way to look at it but maybe some experts view that as not so exciting
I don't doubt that there is 5tcf at heron... There might be more and dm may very well be correct with his statement but the very reason you drill is to determine whether its commercially recoverable and no one could have known before today, not even DM
I was involved during the Artemis failure... I've kept in meo and averaged down... don't get me wrong ort, I'm terribly disappointed and gutted from today's result, but that's the nature of our permit... I knew heron had its problems and it wasn't a done deal but I remain in meo .. And actually bought more today.
I'm a big big fan of this mgt group and I believe they will deliver. Perhaps it's Gurame, Thailand or something else later on, but I'm confident my capital input will be used efficiently, as good as any geo or CEO in this industry could do and that ill be rewarded
There's no other team I'd rather invest my capital into with the tech expertise and experience this co has, with the history in a short timeframe of getting deals done eg cr during a1 and noonday
I'm very excited about meo and I think as holders and buyers at this level we are making a good decision
Gurame in a week or two might validate my reasoning
Finally , much respect your input too ort, you, longt, blurrt, dr Daz , ya and esp iam- whether any of these guys are here for a reason such that Emma has mentioned you cannot dis regard the time and effort to produce the data they do.... After all, what they post is common knowledge , it's the time spent by them collating that knowledge and presenting it in a way that we can all learn and understand
Keep the great work up, keep your heads up and stick this rough period out.... meo will live to fight another day
MEO Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
