MEO meo australia limited

Great work agent....you have stuck long and strong, over the...

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    Great work agent....you have stuck long and strong, over the last difficult 18 months. I only own one stock, at present, after trading/ owning many small caps, over the last 13 years......and consider there are prospects for very substantial share price rises here.

    Some investors not in the mood to hear the company talk themselves up....with such an open register, how they could hold off an aggressive move against the company, will be a test, for management.

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    Anyway, MEO meeting this 1/4 with the Caldita-Barrossa partners (according to their last report)....so this old story is probably relevant.

    Subsequent to this news story in 2011...we know .ENI was to buy into Evans Shoal - which seemed to strongly support rumors, at the time.....they were the mystery buyer who did NOT want to pipe to Darwin from Caldita.  Prior to 2011,  ENI and MEO were joint sponsors at that big annual oil/gas conference. Where I think, ENI developed and  locked in the future development, technical, economical environmental advantages,  that  Tassie Shoals offered. Nothing has changed.

    Tassie Shoals proceeding can move the share price in a gap type situation to 20 cents. Just a matter of waiting and investors not being gazumped, by a takeover.

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    ConocoPhillips set to sell Timor Sea interests

    PETER KLINGER The West Australian January 17, 2011, 6:16 am
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    ConocoPhillips set to sell Timor Sea interests
    ConocoPhillips has put its controlling stake in the big Barossa and Caldita gas fields in the Timor Sea up for sale, throwing into doubt the US giant's interest in expanding its Darwin LNG processing plant.
    It is understood ConocoPhillips was close to securing a buyer - thought to be a European energy group - for its 60 per cent stake in Barossa-Caldita until disagreement over processing options for the gas scuppered the deal in the run-up to Christmas.
    It is not clear whether the scuppered deal also ended ConocoPhillips' global sales process.
    ConocoPhillips is refusing to comment, claiming the matter is "commercial in confidence".
    Its 60 per cent stake in Barossa-Caldita should be worth several hundred million dollars.
    Santos, which owns the other 40 per cent, also would not comment, referring all questions to operator ConocoPhillips. Santos has previously said it is keen to advance Barossa-Caldita's development.
 
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