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MEO's announcement used the words "plugged and abandoned"
which the short term holders thought meant "MEO's well is a duster".
Many sold to those who understood the announcement.
I was one who got some bargains so thanks to all.
In future, read up on terminology of the industry in which you invest.
Then if still in doubt, ring the company, ask on forums.
If still in doubt...dont buy the shares as you shouldn’t be investing.
MEO may have over $100 million worth of Gas here.
Samples are being checked in the lab right now.
Also...the DOW is up in a big way right now...any company’s share price being held back lately are set for some big gains.
Ringing the company also yesterday, I got the impression more news on results won’t be far off.
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