MEO 0.00% 0.0¢ meo australia limited

JxsculWell done, you summarised it really well. Market is...

  1. 229 Posts.
    Jxscul

    Well done, you summarised it really well. Market is currently low and hence any company without a cash flow will be hit hard (as MEO has been done)

    Now Zeus is looking good and if they find gas - yes the SP is bound to go over $1. If Zeus does not bring anything the SP wont go down, as the acerage alone is worth alot of value.

    My sources and I (for that matter)work in Mining M&A project with my sources in Oil and gas M&A's - the indication are that a few big lads (some names have been mentioned before) are keenly watching MEO. I have seen some documents that have 3 options of aqustions (1) Public Hype during drilling (2)strategy if Zeus come trumphs (3) Strategy if Seus comes in dry. All strategies suggest a price higher than the current 12 c mark. (Again this is only from 1 3rd party)

    Now in regards to the rig - i hear there is a delay until 10 Dec. Management seem to be quite confident about this date and hopefully will issue a statement soon. I also hear they have some information witch will be shared to teh public about the land acerage and holding and blackwood seismic info later on during the drilling program.

    I hold and am proud to do so. Wood side is just around the corner and need a large reservoir for the NW shelf - so Zeus will come in handy for meo when it produces.

    Good luck all and things are about to pleasently change for us all
 
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