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?
MEO Price at posting:
46.5¢ Sentiment: LT Buy Disclosure: Held
