I am grateful for the key committed HC'ers(you know who you are!) who have invested many hours of their time in passing on their measured knowledge and wisdom - and enough whacky humour to keep me sane. Thank you.
I was going back over all the recent announcements and came across this at the bottom of the quarterly activities report:
Priorities for the quarter ending 31st March 2010: Execute binding agreements for WA-360-P farm-in; Secure drilling rig to drill Artemis-1 in 2nd half of 2010; Continue efforts to secure gas for approved Tassie Shoal projects; Continue discussions with prospective partners for Tassie Shoal gas processing hub; Selectively screen New Venture opportunities.
It would seem to indicate that management are giving themselves until end march to execute binding agreements. This for me is part of the frustration - so many different dates. Uncertainty breeds discontent, fear, emotional behaviour - none of which make for a healthy share price.
Thank goodness for the fundamentals - when all else fails and one can't depend on S/T trading gains, one always has the fundamentals to fall back on.
MEO Price at posting:
33.5¢ Sentiment: Hold Disclosure: Held
