Dr, I did review your numbers and to be honest could not work...

Dr, I did review your numbers and to be honest could not work out how you got to them...your valuations appeared to be fair but the calculations to the sub totals I could not match up...

I do love the idea of $35 SP but on NT/68 alone I'm sure you were just testing. I've put my valuations up and knowing your on KAR as well, witnessing a huge appraisal well up to 250mmcfg/d for multiple wells,...we have seen the SP decline.

This market is a strange beast that requires constant attention to emotional buy/sell and HFT thrown in just for fun.
Would be strong company support to have HS-1 come true as a commercial well but the market is nervous so people are taking profits earlier, IMO, and less 'investors' taking positions so a far more volatile SP.

How we can be at 23c when one looks at JKA and they have far less on offer, less money, prospects, drilling until 2013, etc. Aksier makes some valuation commetns and whoooshka...BFE had a similar price escalation through a bullish review by John342?? yet back to normal. Can be a dangerous place to invest for the unwary.

Here we have all the signs of a potential company making find; considering volumes, next wells on success, TS, Gurame, Thai., farmouts...and we go up by .5c.

I must say I like writing these kinds of posts as they clarify for me what MEO has become..many disenchanted investors looking away in disbelief so missing potential that is quite frankly very impressive and upside could be massive, downside with so many activities minimal for some time(even on failure)!!

Time for another red and I'm sure you would be sipping the nectar as well by now.

Jazza

Jazza