MEO have enough cash for a share price of 15c. I will let better brains than I give their opinion on what NT/P68 is worth. There will be a farm in planned for first quart next year. Unlike this drill, NT/P68 is already considered a gas discovery.
I my opinion this will support the share price, if a miss on this drill. Now this is just my opinion, but I thing a share price between 20-25c would be a great entry, if a miss.
Here is one of my old post that might be helpful. It has plenty of links for you to look at.
Post #: 5837276. 16/10/10.
Good luck
MEO Price at posting:
58.5¢ Sentiment: LT Buy Disclosure: Held