into the 5's, page-7

Plenty of time to trade out and then back in ahead of a Blackwood drilling. Plenty of money to be made on more active and successful stocks. Blackwood was discovered by the previous management, and it is a much shallower reservoir, so we should expect better porosity and perm, and it would be more likely to offer good gas flows, perhaps even enough gas (with its CO2) to support the approved methanol production project on Tassie Shoal, also developed by the previous management; a bit of a theme going on here!
The real problem with MEO is its management, where the current MD has drilled 5 wells for 5 dusters. He is obviously not a lucky person, picks poor structure, permits, targets or well locations, so one would have to also question the technical backing of MEO to select such a series of dusters.
Any other company would have replaced him after the last disasterous drilling exercise. And all this for $600K plus a year, which is a salary more akin to a producing company, not a small explorer with no booked reserves.
A very generous and patient Board!!