mog back up to 8 pence on news that a well is to commence flow testing soon and two directors buying 10,000 pound each worth of stock. meo may have tanked but still seems that sp has been capped whilst mog pumped on thin volume by those with a vested interest. With meo's only chance now NZ i.e. Shannon-1 (20 to 100 mmbls), mog wouldn't be so bad if they bought there offer in to 3:1 ratio - mog offer has more to play out then this month's offer as mog is desperate for cash and will need to water down their shares by circa 75% to raise similar cash as part of a CR with a discount.
Obviously TS is dead, Australian farm outs on hold, 454p will be ditched unless 40% can be given away to cover 20% costs - only chance, and I mean only chance, to produce revenue in the near term lies in NZ. Lets hope Strickland doesn't burn all the cash flying to Cuba.
Adl
MEO Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
