MEO 0.00% 0.0¢ meo australia limited

re: Ann: Quarterly Activities Report for quar... Nothing too new...

  1. 362 Posts.
    re: Ann: Quarterly Activities Report for quar... Nothing too new there. All on track and my guess announcement should still be here within a week but will believe it when I see it...

    "(MEO has) substantially completed commercial negotiations with this party."

    "At the end of the quarter, agreements were being finalised."

    "MEO has offered up to a 50% interest in the permit to the preferred Farminee and expects to retain a minimum 20% interest post farm-out." Could it be more?

    "Discussions were initiated with drilling rig operators aimed at securing a rig to drill the Artemis-1 well in the second half of 2010."

    As I said, nothing really new there. But confirmation never hurts.

    Given MEO has $40m in the bank and it prob isn't needed (well not ST) does anyone think a buyback could occur?
 
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