meo chart, page-38

That was a great post Anatol. You put a lot of work into it which I am sure didn't go unnoticed. I have been busy so didn't comment at the time.

Likewise, with the emphasis on Artemis, the outstanding work and negotiations MEO has put into their flagship TS has been either forgotten or ignored. Artemis has taken up so much time and so many other pieces in the puzzle have relied on the farmout. There is usually a release to coincide with MEO's conference presentations, the latest being the Oil Week conference in Singapore this week.

I still think there may not be the major announcements MEO would have liked to have given as they are also waiting for FIRB approval before they progress. Not that FIRB denial is likely, MEO will just need to keep their funds available for A#1 if need be.

It was the exact same situation that surrounded 361-P and Zeus regarding the progress of TS. At that time RDI had too many conditions placed on the 'alliance' which included TS. The GFC, more than Zeus failure, was the final straw that not only nipped progress at 361-P in the bud but also TS. There were so many other sophisticated SHs that had to cash in and pay their bills, or go broke!

MEO did survive though and have taken until now to get back on their feet. With FIRB approval MEO will be cashed up again and be able to continue with their other projects in the pipeline. These may be either directly or indirectly linked to TS but TS is the ultimate goal.

If all goes well MEO will be linked to an LNG project both in Carnarvon and Bonaparte along with two Methanol plants and sufficient GIP to feed at least the Methanol plants. There is other stranded gas close by and it will be interesting to see if any future links develop with MGN now that STO have left the room.

There are not many junior O&G companies with those prospects. It will just take a little more time for the final moves to be made.

In the mean time I have started playing the manipulators at their own game and relieved them of some of their shares. My other efforts to stop them won't have any effect in the short term but if enough traders play them they might just start leaving us alone.

If not then there is extra money or shares to be had. You only need to be as cunning as they are and we've had plenty of time to learn.

That is the opinion I have come to, but don't take my word for it.

#:>))