email sent to colin naylor, page-25

yeah fred,
I made many calls on MEO over the years...Most of them right (including my all in dumping near peak sp pre heron).. I should have gone busto barring the crap flow test ann... anyway, thats a different topic...

All I miss called was the rebounding shareprice leading into new drilling prospects...Yes Zeus and particulary the Artemis run came on much sooner than I anticipated (the re-rating part anyway)... I admit I stuffed up there, I was not prepared for it to run so soon but that didnt mean I wasnt going to change my sentiment...The market forsaw something before I had, and im ok with that...

I stand by everything I said.. In that MEO is still unfairly priced by the market... This is not so evident on success, but on failure the downside opens up, so much so that it makes a 250m mcap look embarrasing...
I have been vindicated by the recent placement, which shows the company is cashing in on market mispricing..
MEO and all its holders have been diluted.. BUT MEO do have the cash raised... so the CR was a good thing

I said MEO would get to 5cents post Zeus, and it didnt quite...
I said share price manipulation is capable of anything, and it was...
(This is only a great investment around 30cents for the given risks).....
What Artemis is worth to MEO on production stage is absolutely nothing to do with this...
As I have explained it only matters what MEO opens at post Artemis...and im saying it just doesnt stack up for a positive expected return...far from it...


I was right mid Zeus when the shareprice started to collapse... Theres the potential it could do it this time...but Artemis is a better prospect, and market forces seem to be stronger... so you never know

I miss called MEO rebound after Zeus, because the market started pricing things in before they were announced/happened...
and I did state that MEO would run to 30cents upon Artemis spud...I just didnt see it happening so soon, or how far it would run...

The norm in this sector, is once you drill a well in your blocks, and drilling fails, this devalues your assets...
I guess, this is a whole new beast, and WA has really caught on which admittedly I hadnt noticed until later on...ie, the market fever took to it before I had...
But, my defensive ways have put me in good stead...

you werent laughing at me post Zeus...
Hope im wrong this time...

As a CUE holder with an invested interest it doesnt make sense that I would downplay Artemis and MEO... Most of the CUE posters are the same...
why Would I downramp with a vested interest?
Im just giving my honest opinions and call it how I see it regardless of the financial implications for me...

Im very happy about MEO running...
I sleep very well, I have made some good baggers over the years pre GFC...I choose to switch my risk profile to oilers more emphasied by production development and appraisal, with the huge exploration potential in the pipeline...All I could come up with was CUE, so I went all in after I had sold completely out of the market pre GFC, and I bought back in pre GFC being a smartass.....
Im still here...
Everyone is chasing the same dream....
im just going to go about it in a different way,
and prove it by doing it on a whole new risk scale...
This of which I have only seen one other time in 8 years of investment in oil... and even that time it went wrong
The only other time I went nuts about a stock was AED, and NWE... luckly I made a move on production jitters and sold out a near combined 10bagger up...
as an 18 year old kid starting out with 3k, im very happy about where Im at 8 yrs later...
Ive never had a big offshore well come in, and Ive been through a few of them...
Ive noticed the returns in other oil stages are the same if not better, but without the huge risks... what im talking about here is exploration vs appraisal vs development vs production... exploration stage offers the WORST risk return profits... WA is kind of different...

Inside information is a big killer in this industry...
Just see what happens close to final depth
as a falling shareprice near then will signal what market players know that the rest of us dont...

I Hope Artimes is pulled off... might consider playing the main event of the WSOP next year if it does...
graduated and dont have a true job in the sense...
between poker and oil im hoping to retire young...
Artemis would help me dearly...

Keep in touch my friend..
let us journey together...

.^sc