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MEO have certainly taken the long road to get there. LOL As for...

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staz024

3,528 Posts.

105

07/06/16

09:04

Post #: 17968455
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Originally posted by Spitfire ↑

Rubbish,
MEO did not want to be Operator, Fact. They are not positioned for it.
TAG is a great fit for this play ,with them being operator producing from adjacent blocks into in place downs stream infrastructure, this will be a fast play IMO certainly see Shannon drilled with in 9-12 months and Puka bought back on tap and into the line as well with hopefully a higher rate ESP..... I believe the crude quality in this area is pegged at Brent pricing and believe its circa $ 40- 45 to be commercially viable, a pretty optimum outcome actually.
I see a lot of green shoots for MEO, a lot of things just starting to play out...

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MEO have certainly taken the long road to get there. LOL
As for the POO, I read a brief article, that once Iran have established their target production quota the OPEC market will settle. The same article expects this to happen by the next OPEC meeting.

MEO Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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