maiden profit, page-6

"I dont hate MEO, just think they are overly optimistic with their reporting, ie GCOS 32% for A#1 compared to Independent rpt at 13%.
Seems a lot of people lost money by believing the hype and getting in too heavily."

Ronald.....thinking and knowing are two different things.

The farm in terms tell any half intelligent person that 32% was not optimistic. YOU think you know the difference between 32% and the independent report of 13%. IF you knew what you were talking about rather than just thinking you do, you'd know that GCOS of both reports is much closer than what you purport.

As for people believing the hype, it seems the hype was well justified as Petrobras believed it also. You don't seriously believe a company like Petrobras buys into hype??? Maybe YOU just think they do....

This is what I KNOW

-MEO now has 100m in the bank
-The A1 well cost MEO nothing
-MEO now have the data from A1 and Z1
-MEO still operate 360 and 361
-Petrobras haven't walked away
-MEO have gas reserves in other permits