the feds will ensure ts works!, page-21

I think MEOs biggest asset by far is its management. I've often heard the saying "it's better to have great management with avg assets than avg management with great assets" 


Now before you boo hiss and yell at me lets look at the facts

The company is flush with cash from wheeling and dealing

MEO have been in my opinion one of the most impressive deal makers over the last 5yrs. They have managed to drill huge high impact wells time and time again at little to no cost being funded and in some times paid cash advance by majors. Think Clive Palmers Mineralogy and the drilling of Zeus, the original drilling of Heron and Blackwood and who could ever forget PetroBras and the drill of Artemis.
Not only did PetroBras Free Carry MEOs 20% interest for itself receiving a 50% interest it REIMBURSED MEO $7.5m for past costs and then paid a $31.5m cash bonus almost a thank you for choosing us.

In all my time investing I cannot think of another junior oil and gas company that was able to negotiate a cash bonus as well as the standard free carry and past cost reimbursement.

1 year on and MEO have done it again with Italian giant Eni free carrying us through at least one well and possibly more with options over Blackwood

So who better to wheel and deal for us with Tassie Shoal