I kind of agree with scorpion... if this mammoth Zeus is discovered then there wont be a problem in getting gas/liquids to market... infrastructure in place, and large reserve will take care of all... and large find would also have investors scrambling to buy before exact certainties are found out which would be factored into the share price anyway, through bigger medium term upside (unless he likes of MEO runs too hard)...
if there are problems, thats when we bounce on out before shhite hits the fan... our position in CUE and its diversified position has different fundamentals to MEO....
but...one billion barrels to MEO is plain worng... I worked out that BOE to CUE with 15% stake would be 40 million barrels... MEO 35% or what?
CUE BOE 57 million barrels 2p (bar 450,000 barrele (BOE) from S E Gobe gas, and less than 100 million market cap... means barrels rolling out the gate less than two buck AUS per barrel... put that in your pipe and smoke it...
Zeus Discovery for MEO still has nothing on CUE... hehe... only teasing... but true... peace...
billy gates, care to produce some accurate numbers?
MEO Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held
