stockanalysis by peter strachan, page-5

Simple as this.

If just ONE...I repeat, just ONE of the upcoming multiple wells succeeds then at 20 cents, 21 cents or even 25 cents, MEO is an absolute bargain.

Forget the SPP...the main game is the line above.

And to Prosper who seems to think that past drilling being unsuccessful is due to MEO having bad management and skills, I say it is just part of the oil and gas game. You do all you can with the technical data to maximise COS but then at end of the day it is all about luck beyond that - no guarantees. Also reflected in this excerpt from the Risky Business story in previous thread:

“What we have now is some wells which have a really good chance of succeeding.

“There’s only so much you can do with the technical data. At some stage you’ve got to test it with a drillbit.”

More broadly, the love not being felt for MEO is part of a wider narrative since the GFC.