thx for the compliments sssssaolior ssssuedio......sorry to disappoint you but I did my double masters in finance years ago. Im sure many can judge if i know a thing or two about markets...
Have read all the recent BCC propaganda....but the 40m dollar mkt cap question is where is all the oil that was supposed to be spudded and promised November 25.....no gusher here im afraid and the stock was a 3c stock for a reason. If they fail at Lee county (likely as the geo says mud thus far)...back to 3c it goes and fast....that looks likely as they have lied to recapitalise the company. The mgt should have launched the capital raising after the spud if they were honest...they pumped the company up on this board and then pulled a sucker cap raising. I wont be proven wrong but happy to see a 2000bpd gusher....that will happen when pigs or Malcom Turnbull flies.
As for MEO, if they get a farmin partner ...stock doubles, if they dont it halves. Not much else to it than that. It has a $200m mkt cap and that is scary without a farmin partner as the drill risks are not shared. MEO could be a great story but what a valuation it has today still with a scary 30 day deadline looming that risks the Artemis drill rights. Stock could implode...sorry to be the bearer of bad news. I hope it goes back and holds 50c and finds a partner but i doubt it before December 31. any partner wants the lowest price possible so will wait to December 30...stock could be 20c by then. No farmin partner and it could still be at 20c with a 2 year wait for risky revenues...and further dilutive raisings ahead of it to ensure adequate funding. MEO is not fully funded to bring on line 10TCF of gas...if it exists. Story is a tough one.
Thx foir you compliments again but leave the insults for the mirror.
