MEO management, especially Jurgen is doing an excellent job. This management have really good skills; farmin to Artemis by taking 70% of it from CUE and MOG, then making 3D seismic surveys and increase the prospect to 12tcf from 4tcf, then marketing it to world majors, and then farmout for ~AU$43M plus 3 of freecary drilling wells. This is fantastic.
This might be a ten bagger stock. That might be real. If 12tcf gas is found in Artemis which is very likely with 32% GCOS(maybe 48% now), the sp would go to $3.5 (Heron, Blackwood, TS Project is not included) and Jurgen will be a rich man who might have above $15M from his MEO shares (may have more than 4m shares). So Jurgen is on our side. He is a shareholder like us. He will do his best to be rich in deed. That gives me a great confidence.
Cheers
MEO Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held