Everyone knows its a big week but its a risky big week. There is still another month of biting finger nails so to speak and also alot of big buyers are still cautious about spending big now. The big ann is after the 18th Nov, the well hasnt been drilled, Seismic data only provides a potential to explore but this is what we have to pay for...the unknowns really.
One thing i find comforting is that a well researched and costly Seismic "exploration" has already been undertaken and compared to historic ones that others have benefitted from (from my quick calc, using my wooden carved out calculator this equated to more than 100 times profit!!-WPL), MEOs Seismic spending has been very detailed & latest tech used also..
Good luck mate..
MEO Price at posting:
61.5¢ Sentiment: Hold Disclosure: Held
