today's trading, page-12

All of the above:)

The longer it goes the closer we are to more announcements and the A#1 spud.

I notice during some morning pre-open auctions signals are still being put out for pumps (like the 811 @ 38.5 yesterday). On these days the SP tend to reach that target before the dump starts again. The flurries usually accompany investor briefings or presentations.

IMO the real interest in MEO for this cycle hasn't been sparked yet. That will come with the anns we have been talking about for some time now, including the final reg. approvals, cash in the bank, NTP/68 seismics and future projects let alone the A#1 spud.

It is getting increasingly difficult for the traders to get the SP down again as MEO is now on an uptrend and there are more accumulators out there. They are still making their 5-6% profit but getting back in may be a problem for them. They will be waiting for outside negative stimulus but some stability is returning to the markets (for now) IMO. MEO, like all stocks, never travels in a straight line (except for that plank in the 20s)

MEO has the fundamentals to continue on its uptrend with more positive anns to come, IMHO.

These are just my views.

BTW I notice there is now an alternative way to view MEO's important releases, past and present. Derrick Petroleum Services have uploaded them all on to 'slideshare' so they can all be viewed as a slide show.

You can view them here.

Most of us have seen them before and some of us have them stored for future reference but it is a good bookmark for those investing in O&G. Reports from a number of companies have been uploaded.

#:>))