into the 5's, page-5

Currently dark days for MEO shareholders but don't lose sight of the faint rays of sunlight in the not too distant future, being:

1). Given the lateness of Q2, I wouldn't be surprised if the 454p farm-out is delayed beyond the previously envisioned Q2 completion date to be incorporated into a larger farm-out opportunity ($$$) which will include the recently announced nearby (substantial) Beehive prospect currently being expeditiously packaged for farm-out early Q3. The nearology of both prospects would suggest that they be included in a more substantial and enticing farm-out.
2). Blackwood is expected to be drilled this year and one would expect that the pending confirmation of a rig slot booking would be an appropriate time for MEO to update the market re: Blackwood's revised (significant??) potential following ENI's long ago shot and processed additional 3D seismic. Success at Blackwood (remembering it does have form) would consign this period of painfully languishing share price once and for all to history.
3). The soon to commence drilling by ENI et al at Evans Shoal is keenly anticipated as success here and at Blackwood will bode well for ENI having another crack at Heron and may finally give the Tassie Shoal concept the traction it desperately needs.

Hold strong battered MEO faithful, now is not the time to sell in frustration.