Just spoke to Colin Naylor cfo/cs of meo. Thought id fill you in on the main points -
Blackwood - Colin stated its a risky wildcard (riskier than heron) results are out in 2-3 weeks
Future plans (plan b to blackwood) - Plover will be revisited he said they are working on a new drilling plan to stop a reoccurence of past events, as suggested they believe there is something there. Heron will also be revisited, i think we all knew that though.
He believes investors still have confidence in meo and sounded confident himself. He obvioulsy didn't give to much away but my personal opinion is they don't like the chances of blackwood going from what he said but i felt confident in the strategy for plover. I suggest if you have any questions give him a ring he's willing to talk.
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
