i appreciate your post but what value would you place on a project with potentially 11tcf of gas that hasn't tested in the positive?
what dilution is expected to drill more holes when any cap raising will likely be at sub 30c.....meo appear to have cash for 1 more well then its back to the market.....any difficulties with the next well will have meo issuing 100+ million shares.
i dont think its a scenario worth investing in.
there are so many opportunities at the moment to buy into stocks which have truely been oversold without pursuing meo because of last weeks price of $1 and a fantasy.
cheers
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held