Seems meo doesn't have much to say at the moment yet the sp is stable.
The quarterly will go over the disappointment of the recent drill program...give us the cash balance ...seems meo would like to give us something positive to attempt to balance this bad news..so Blackwood farm in and possible 454 farm in may be the reason for delay of the quarterly.
If these farm ins come through the sp should be back into the teens.
This would give us a lot of hope for meo,s future.
With the amt of gas in Blackwood and Heron should provide Eni with the incentive to drill again but could be up to 18mths away.
Realistly the next drill would in the guarme areas me thinks...so sideways we keep going?
MEO Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
