100mill gas deposit found off coast of darwin, page-5

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with 1 hour to go on the US market..the DOW is up 317 points.

I believe a lot of shares will be up a lot more than 10% today.

Also the media reported on MEO as finding up to 100 million worth of gas, so I am sure the general market now will wake up and understand they got it wrong and will be scrambling to get back in.

I wouldn't be surprised to see MEO start moving solidly up also. The company’s plans to now assess the quantity of gas was emphasized when I rang them yesterday.

I just hope more people realise MEO is extremely undervalued and get in early before a potentially explosive re-rating.

Anyone previously thinking MEO has nothing commercial should quickly research the area they are drilling and really quickly start calculating, making some calls and making some decisions.