Classic announcement that doesn't say "we have a resource and we are all going to be rich" so down she goes.
As usual, another look at the ann reveals:
"MEO remains optimistic that a significant, quality hydrocarbon resource is present in the Plover formation and believes that based on regional geological correlations and 3D seismic interpretation, further good quality gas saturated sands, remain to be drilled below the current TD (4182m) at this location."
Take this as a great buying opportunity, wait a little while, then hang on for the ride....
Good luck to all and DYOR
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
