I remember over the years (2008 seems about right) I always put...

I remember over the years (2008 seems about right) I always put a sentiment Long Term Buy on my posts re MEO...... but I didn't think it would be such a long term

Now that MEOmites have become MAYbees the rollercoaster has been parked at the station for years waiting to get ramped up again.

I first invested on MEO because of Chris Hart's sailing trips around the Timor Sea, Chris Hart was then manager of Methanol Australia, to become MEO and presently Melbana. There was a deal with Santos who pulled out in the end. Chris Hart's Tassie Shoal concept has always proved to be a bridge too far and been the bane in the life of many investors. Is this about to change? DYOR
History: http://edition.cnn.com/2003/BUSINESS/asia/01/06/aust.methanol.biz/index.html

and http://www.melbana.com/site/PDF/98537309-7153-4e78-9c4b-26f6c1193b56/MediaBackground

Cuba is an interesting venture as all infrastructure is in place in Cuba with four refineries gasping for much needed oil in a country struggling with embargos and lack of local supply. This link is a little outdated (like me) but you get the idea. DYOR.
Source: https://www.eia.gov/international/analysis/country/CUB

Most of Cuba's oil presently comes from Venezuela, who themselves are experiencing a severe fuel shortage at the moment. DYOR
Source: https://www.reuters.com/article/us-cuba-economy-analysis-idUSKBN1WJ2GS

Other suppliers such as Russia have increased their supply recently but they insist on cash payment in a time when Cuba's income from sources such as tourism has been hit. DYOR
Source: https://www.argusmedia.com/news/1976308-cuba-deepens-oil-austerity-update

So Cuba would dearly like a new source of domestic light crude so let's hope May's two well programme, with a '30% interest in the 236 million barrels of Prospective Resource (Best Estimate)', can provide this. However, don't forget the 32%COS. A similar COS which added to the heartache Artemis gave MEO's long term investors.
Source: http://www.melbana.com/site/cpfile/9655c578-06aa-4901-8aa7-4bbe414d486a/MAY_2338735.pdf

Beehive still needs to happen but we still don't have a JV partner yet. With a drill needed to happen before the end of the year time is running out. Perhaps another extension is possible because of the Covid slowdown (IMO). On the other hand if a deal is reached with just one or two of the 'Several' parties who have 'advanced in their assessment of this opportunity' for some time now then this 'opportunity' should move quickly.
Source: http://www.melbana.com/site/cpfile/9dd6f5f1-b135-4cd4-881f-041b9eb955e7/MAY_2335905.pdf

Now we are pre-drill once again the day traders and chartists are beginning to drive the SP again. We have been here before and so many 'punters' and HC friends have been burned along the way. I hope they have all have found success in other investment pursuits.

For me, my investment in MEO was for a retirement nest egg. But retirement, alas, has come and gone and now I will ride the rollercoaster once again. I just need to remember my BP pills.

All I can say is remember that when 'investing' in risky stocks, such as wildcat drilling oil juniors, survival is knowing how much of your finances you can afford to invest with the knowledge it may be parked for a while if your timing is not quite right.

For traders, of course, it is a different story as you are the ones who drive the price.