Ann: NT/P68 Farmin Agreement Notices Received, page-5

The share price should be under 2c.

All they've given shareholders is false hope and promises.

The only tangible thing they've got is the farmout of 50% of WA-454-P to Origin Energy. But the killer with this is that they will have to pay 20% of the drill costs which will kill them if it comes up a duster as usual. It will be very hard to farm out the 20% costs, they'll have to virtually give away most of their 50% share.

At the AGM shareholders should be demanding a massive pay cut to all the fat cats at MEO.