meo executes binding farm-in agreement!!, page-27

Interesting to see negative sentiment on boards this morning.. looks like some heavy profit taking on open and at some point today is likely to ease.

Fact is that most probably expected the profit taking.. so it would have been silly to drive the price up IMO

Lets see what the afternoon holds.. though I suspect we shall see some big buy ups given the news. Despite what you think about the deal. Fact is that MEO, MOG and CUE have a piece of a potentially 12 TCF pie. This should really scream re-rating and market caps of $30m for MOG, $200m a piece for CUE and MEO is the biggest buy signal one could see atm.

Everybody is just waiting for the bottom and the bounce. 50 mins trading... a full day ahead gents.