Drip Drip Drip, page-6

Thanks to the past and current management's  mis-steps, as well as
some plain bad luck, this company is now in serious peril.
A broken company with a broken business model.

Unless they can pull off a Houdini act, I doubt this company can even get another
company to partner in any of their proposed farmouts, with the exception of Cuba where Petro
Australis awaits to take their 40%.

I also thought it very telling that in their last quarterly, they say they are going to award a
contract for someone outside the company to reprocess the newly found 2D data for Cuba Block 9.

In addition MEO has commenced preparations for the awarding of a contract to reprocess highgraded selected 2D seismic data in Block 9.

What happened to all the staff that we have been paying large salaries over the years that could do this in house?
Oh Sorry..How silly of me..that was under the former broken business model!!

How times change.

DO SOMETHING POSITIVE MANAGEMENT   !!!