MEO meo australia limited
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moby oil, page-11

  1. ronstieb
    9,325 Posts.
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    04/12/09
    13:13
    Post #: 6004222
    Iam
    I doubt MOG's RI close date is timed for the possible MEO farmout announcement.

    More likely, its been extended to 14-12-2009 for several other reasons.
    The 18cps RI is struggling atm with shares trading below 18c several times the week.
    The browse basin drilling is now expected to commence in 2 weeks time, ie, after PTTEP finish with the Songa Venus at Oliver-2.
    They will run the RI as long as possible with the close date dictated by the commencement of drilling, imo
    MEO Price at posting: 46.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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