agm, page-42

thanks for the quick sums doc, but I think everyone is under estimating the true value of this stock.

I for one have invested in this stock purely on one basis - "it's people" (it has been a sucessful formula for my investment style), although I still maintain a few top nobs at WPL own quite a few of them - same people that tipped Hardman Resources @ 20c).

Back to its people; on the corporate video profile, MEO stated that they are now pretty confident that they have the formula and technical team to be able to detect a reservoir through 3D Seismic data analysis. They have the "Black Box". If Gurame and Heron come though, the technical team become priceless, instils confidence in the stock attracting investment, and adds multiples to its prospective P/E ratio or valuation. Every drill will become highly prospective to the company and the market, none of this hit/miss stuff.

Now its over to Zammit ...........