As a new bonafide Meomite, I really have to post as a holder.
I confess that I thought there would have been a greater positive reaction to the news....BUT ...Closer to spud there will be undoubtedly be a considerable SP increase followed by liftoff with drilling success. Especially with FIRB approval. Any time estimates to FIRB?
Congratulations to those who held for so long. It is an emotional roller coaster, and at least there is now some more certainty in your lives.
I'm happy to say that I have been mostly correct with my "farmout" predictions and positive sentiment on MOE even as a MOGGIE.
Now as a MEOMITE, I think the SP is currently oversold (sell depth does not look convincing) and would be surprised to see further downward pressure ...but this is share trading.
Good luck fellow Meomites ...looking towards FIRB!
John S.
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As a new bonafide Meomite, I really have to post as a holder.I...
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