I would suspect the Cuba news will be regarding Petro Australis, the
company that is awaiting Cuba's approval to become the partner with MEO
for Block 9.
MEO has pursued this opportunity in collaboration with Petro Australis Limited, an unlisted Australian company. In the event Petro Australis qualifies for participation in Cuba, it has an option, which it can exercise within 24 months, to secure up to a 40% Participating Interest in Block 9 by reimbursing its share of costs MEO has incurred to date.
I like your idea of MEO becoming DD experts for others..perhaps this would be more lucrative
than chasing crappy NZ oil deposits,
MEO Price at posting:
1.3¢ Sentiment: None Disclosure: Held