Hi Bob/Sandy, We are certainly one big step closer to that day when we can splash around the boat with the Bollie (Aussie for Bollinger). Get the boat ready.
The announcement today came a day or two earlier than I'd hoped with a small buy order I had for MOG well and truly out of reach. I had anticipated that the chances of further delay were high but the detailed announcement has given the market the confidence needed.
I think KAR will bring home the BBQ pig before MEO. If WPL win the farm-in, they will probably drill before the others so I'm hoping they succeed. With WPL in control I can see drilling underway by no later than first quarter 2010 as they will be very focused on Pluto.
Cheers ANZ
MEO Price at posting:
55.5¢ Sentiment: Hold Disclosure: Held
