farm in

This is my view is one undervalued stock. MEO is in a very good position to fund drilling through a farm out and it is in a position of strength as it owns such a large % of the asset.

It is interesting to think that a few months ago people were willing to buy at 1.30-1.60 with the the hope of Heron delivering. A few months later Heron is on the cards and looks promising, we have the likely addition of another 1-2tcf of gas through Blackwood and the market is pricing the stock in the 20s.

I am confident that once Heron progresses, or a farm in agreement is released it will have a quick and significnat re rating. Within 12 -24 months this stock could be trading between 1.50 and 3.00 if Heron delivers.

For the doubters simply keep my post and you are welkcome to throw it in my face if I am wrong