commentary from oil and gas weekly

14 June 2009 - Xtract International Limited has reduced its holding in MEO Australia from 48,295,629 shares or 11.57% to 28,295,629 shares or 6.78%. All the shares were sold on market on Wednesday and Thursday of last week. So it was
interesting that despite the selling pressure of 20,000,000 shares on market the share price held up quite well. Suggestions we could see more gains in MEO in the days and week’s ahead.