To all PEP11 holders, I posted on this thread on Wednesday that the fall in all the PEP11 stocks directly coincides with the failure of MEO to discover gas. MEO announced a duster on Monday and all PEP11 stocks have fallen since then. If MEO, with a MAJOR, MAJOR partner in Petrobras can come up empty then what hope do our little guys have. Unfortunately there is a massive change in sentiment towards these type of very high risk gas plays at the moment, thanks to MEO. For all the scaredy cats out there that are taking there money off the table pre-drill then I hope our little guys discover a gigantic gas field and then all have to buy back in 100%+ higher. One can only dream at the moment!
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