closing dump, page-7

Dr Daz & others

just to clarify, MEO have 55m in cash and other liquid assets

they have no revenue or other income coming in and Gurame is being drilled alone

so a well at approx 30 days (with no issues or faults) will cost 30m??

thats over half Meo's kitty, all eggs into the Gurame basket it seems....

and what if there are issues and the well costs closer to 50m.....MEO cannot afford it then

I know the stock was sold heavily when MEO announced the idea of going at it alone, but interested to hear on what Dr Daz and the other MEomites think of this

potentially, imo, an unsuccessful effort here at Gurame means CR at lower prices than 19c and most likely all other assets a part from Heron put on the back burner

is this the type of investment all SH want?

Im comfortable in saying 20c SP is for entirely that reason.

I think id rather see MEO risk half the well costs (so 50% of Gurame) even if it meant no income from the sale, just to preserve cash, the risk reward to me doesnt sit well