Australia's largest stock trading and investment forum Australia's #1 stock forum

MEO

Click for more information

0.00%

0.0¢ meo australia limited

Ann: New Zealand Update PEP51153, page-6

First 6 Last

Share
Profile

Follow
roy_boy71

1,183 Posts.

72

25/02/16

17:33

Post #: 17117622
Share

Originally posted by saltocan ↑

The 70% of pep51153 was offered to Meo for around $500k......when U consider Meo had spent around $4million to get its 30% share U will see that the opportunity was a basement bargain......

But Meo has commited to spend its cash in Cuba not New Zealand......and is currently pushing payments out as far as possible hopeing for better POO and farming possibilities........over the horizon...

Disappointing outcome as NZ ...Puka wells......needed some repairs and minimal costs to increase the amount of oil flow........this was the quickest/cheapest way to get some badly needed cashflow.......and was the strategy of the Lazy Chairman who could not hang in there.....long enough to complete his strategy....

Meo could afford NZ........but chose not to afford it.......

Most likely NZO will end up with the 70% of Puka......only because its already capable of producing oil and going Cheap as Chips...
Dyor

Expand

How much cash would we get if we sell our 30% to NZO?

MEO Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

BUX

Buxton projects new graphite province discovery at WA Narryer play

There are more pages in this discussion • 2 more messages in this thread...

First 6 Last

Add MEO (ASX) to my watchlist