Its called averaging down.
Meridian can afford it.
What longer view are you exactly talking about?
Dividends in maybe 8 years time?
SP increase when oil starts to flow in 3 years?
Please explain.
The story so FAR is, found oil, SP has dropped.
FID, SP has dropped.
Finance, SP multi year lows.
Became an operator, SP drops.
Ann: Change in substantial holding, page-57
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