If your looking for high risk, short term, this is perfect for you.
If they log good gas (tonight, and tomorrow) then we see this go to who knows where. If they cant take a good logging sample / pressure points, and hydrocarbons are not movable, ie tight formation, then we see this go south from here.
High upside, 5-10c downside.
indications are still positive from releases, but market is telling a different story. A new management team to last drilling campaign, much more experienced, so they could be holding cards closer to their chest than the last drilling campaign.
MEO Price at posting:
14.5¢ Sentiment: ST Buy Disclosure: Held