Oops, I thought the link Terryl posted was for the old Baillieu report dated May 2011. In fact, the link states May 2011
Just downloaded it again today and I see the report is dated 22-11-2011.
""We have upgraded our MEO valuation range to reflect the recent additions of Bonaparte Basin (WA) and Indonesian acreage. Despite applying severe risk factors to new projects, our valuation has increased from 30 cents per share to 38 cents per share.""
( Not far off my own pre H-3 drill sp target of 30cps.)
""It is widely believed that ENI was the party that recently purchased 40 percent of the Evans Shoal gas field in the Timor Sea for US$350 million from Santos, with $250 million paid upfront and the remainder paid upon a final investment decision. As ENI is now funding up to $250 million in exploration and appraisal work in the Heron and Blackwood fields, it appears obvious to the casual observer that the Italian energy giant is working on a regional consolidation and development play.""
MEO Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held