market doesn't like announcement, page-48

Hi Epeka,

I understand your frustration. I too was always frustrated with some stock before, but not with this one now. I am holding over 500k shares, my frined Suleyman holds over 1.7m shares now. As you can see on his post yesterday he was also a bit frustrated, but he is still not in a seller position.

Because we have a long way to go.
And because;

Someone is pushing the stock price down on every occasion and on purpose. This is a good sign as stocktoe said yesterday "I'll be keeping an eye on this one as it looks like it's being pushed down on purpose which I guess is optimistic" That was right.

I have always been suspicious about a takeover offer as it can be expected if the sp is pushed down on purpose.

If you ask me who could want to takeover MEO, I would say that the first candidate I could have thought is;

Woodside...!

Woodside could even make an offer at 45c,.. a 67% premium to todays price..! A lot people would be happy with it (not me!) That would make the market cap $214m with $80m cash included in it. The effective payment would be only $135m.


The sp is today 25.5c.
MEO has 16.5c cash backup. (on my calculation)
That makes the effective stock price ONLY 9c.

What is included in this 9c stock price ;

- Joint Venture with worlds most aggressive explorer; Petrobras. I would recommend everyone to read a bit more about Petrobras. They are unbelievable. George Soros invested more than 20% in Petrobras. Obama gave $2b loan to Petrobras. They hired 80% of all deep sea drilling rigs in recent years. Now they are building 28 rigs, some in Brazil. Woodside too, would love to be partner with Petrobras.

- There is 25% of Artemis with 3 free carry wells and USD 31.5 payment if the first well is successful.

- Heron and Blackwood have gas! Just needs an appraisal. That will be done next year. And it can be between 3-5tcf gas there. I am nearly sure that will be done with Petrobras as well. Heron and Blackwood would be on the half way of a pipeline from Greater Sunrise of Woodside to Tassie Shoal Methanol and LNG plant. That would be good isnt it.

- TS project is really interesting. Methanol production may be an important answer for the future fuel solutions. I am making a research about Methanol Fuel cells and will send it to MEO (they can add it into their presentations if they like it) and will also post it here soon. Someone is playing a game in Evans Shoal. Magellan may not be the real buyer of Evans Shoal (40%), there might be someone else behind it who is investing on future fuel solutions.

I will wait, I will even buy more as long as the sp is lower than 30c.