Nice post Mrmoshe. Is it excellent quality gas but poor permeability and porosity? Maybe needing to find the sweet spot like Heron? Finding the oil/ gas is hard and extracting it commercially even harder it seems. Nature of the game, butl the more opportunity the more likely hood of success, thats what it's all about for a company like MEO! Own the resource, technically enhance it and let someone else stump up the cash to get it out of the ground (excl Gurame)! Great business model for the patient investor in a company with a few high quality opportunities like MEO. As long as the farmins continue and cash flow maintained, odds would suggest success at some stage. Patience the key. Any MEO success will be highly rewarded! My opinion only fwiw. KK
MEO Price at posting:
7.3¢ Sentiment: ST Buy Disclosure: Held
