why interested in meo?, page-4

well said mr s,
heres a few thoughts, and stories of my own...
others not have to read if you think im a clown...
its quite simple really...

...
..
.

During Zeus I said that MEO would fall to 5c if failure...
Im not sure the exact low, but it went near 6c

recently I have only said that fair value is around 5c...
That was a comment, not a prediction...

When I started to invest, I saw oilers return as much, if not more in development phase compared to exploration phase...
so I applied it to PPP... and went close to all in, and
returned as if it were risky exploration success... it was
just the re-rate of development derisking...

Because of this I never invested in MEO for Zeus, and wont next time around...

in this market,
the derisking of development stage has gone out the window...
as too has much of the hype around drilling actitivies....

leading up to Heron, at 23 yrs old I held 20k meo shares at $1.10... and got them all out above that... and went 90% all in...


I very much
like the Floating LNG developmnent concept...
( similar to Coogee's, which was going to list a few years back, but then got bought out by PTTEP a national Thailand oil company)... this would have been a screamer of an IPO.... what a pity...
anyway,
an offshore LNG development means nothing if you have nothing to develop.. hehehe...

every man to himself...
some like the concept of risk...
some want to be in the trenches with exploration drilling...
thats ok...
im over exploration phase...
had a gamble on CTP, and missed on that...
And all my others have failed to, but were hedged by development activities...

now im just investing in development stage, with exploration wells thrown in for free...
lets hope MEO do get a farm in partner...
this would be good for both MEO and CUE...

By watching CUE you will get the best reaction to a possible farm in announcement, as CUE will be free carried for 15% stake...

so technically, if its good for MEO, then its good for CUE...

If CUE doesnt move much, then its safe to say that you are being tricked...

There will always be opportunities in the market...
You dont have to hold, for the sake of holding...

Time is the biggest cost in this game...
Time is a bigger cost than a losing position...
losing time, and losing money is a complete disaster...

With MEO,
you will lose 1 year for exploration spud...
but you would make some return...
If you held all the way, you would likely lose all the returns on the way up, and then some
the lead up is hype only, (not real value)....
Id say to take profits when you can, or trade this stock...do not invest, just trade...

peace...