not a bad week, all things considered., page-11

Hi orstock

I am just looking for some clarification of statements made that, to me, have very grey areas, are ambiguous and could be quite controversial.

I don't think it is very smart for prosperman to say that:

'Unfortunately for management now has history and many think negative. As Antol has stated did a credit/raising when thinking the drill was a duster'

And then to follow it up with:

'all I`m saying as I stated earlier,that I had advice regarding Meo 5 days before duster'

after anatol's similar post in the earlier thread.

Perhaps the advice was just that the GCOS was 32% which was covered quite a lot in the MEO forum for about for fifteen months prior to the drilling of A#1.

But, for me, this topic is now closed as it does not add any value to to the sharing of information about MEO, IMHO. HC has moderators who look after disclosure matters.

BTW I notice that PBR are still looking at their forward business plan:

* PBR -Clarification on Business Plan Review 2011-2015 *

They presented the original business plan to the directors 13 May 2011 but the Board requested 'additional studies and analyses'. It has been under review since then and on 17 June the board sent it off again for more studies.

If their only Oz venture, WA-360-P, is included in this plan, then we will have to wait a bit longer to find out about their future intentions in the permit. If nothing else, PBR will always take their time. Six months and counting.

With an investment of R$93 billion (AU$56b) in 2011 the 360-P JV is just like a drop in the ocean to them.

#:>))

PS: Your metaphor was quite good but spirits are down ATM:)