Meo with TS has significant value....ie could be as high a a$1billion .... Only needs a gas supplier to come to the party and it's off and running..
Does anybody know.....what is the value of 1.5million tons of Methanol ?
We blend 10% methanol into the unleaded petrol we use and it decreases the price by 2cents per litre....so is methanol just under the price of crude?
More importantly....the suggestion is that Meo would end up with 25% of a successful Blackwood ......tomorrow could be the turning point if the gas flows?
Heron drill option....decision due in two weeks....and could end up with 25% as well???if it ends up flowing...
The chairman said its a matter of luck and number of drills before Meo gets a success....
If anything the luck is well and truly overdue... IMO
MEO Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
