some regular expert posters missing on meo??, page-7

Yeah, I am one of the long termers licking his wounds.

Sold all the shares I had that were still in the green after the carnage (not many unfortunately) to preserve some capital and will keep the rest until management give us some direction.

I'm pretty sure PBR won't just up and leave now, but will be even more determined to make a presence in Oz.

The log data will probably take some time to analyze..hopefully this week, which should tell us what happened.

I bet the phone lines were running hot between Melb & Rio last night and lots of data transfered.

I also feel for all of us who lost on this drill..I was around for Heron, Zeus & Blackwowod, so almost getting used to this.

Spare a thought also for MEO management, who must feel absolutely gutted themselves.
The one saving grace (and a masterstroke) was the CR before the drill, which locked in the total $$ amount for the farm-in, win, lose or draw.

So really..the company is actually in a better position now than it was before the farmout.

Looking forward to hearing from MEO and their future plans.

Good luck to all current and former holders..oh, and mamagement.