Came across this. might explain buying prior to SPP and possibly...

Came across this. might explain buying prior to SPP and possibly late buying on Friday.

MEO Australia’s largest shareholder Raydale Holdings increases stake
Tuesday, September 25, 2012 by Bevis Yeo MEO Australia’s (ASX: MEO) largest shareholder Raydale Holdings Pty Ltd has acquired a further 7,918,888 shares on market, increasing its stake in MEO to 7.49%.

This comes as MEO and Eni Australia have encountered high levels of background gas at their Heron South-1 well in the Timor Sea offshore Northern Territory and has spudded its 100% owned Gurame SE-1X well off northern Sumatra.

MEO is also poised to drill with Pearl Oil Offshore the Sainampueng-1 exploration well in the G2/48 concession in the Gulf of Thailand.

The company has also launched a Share Purchase Plan offering eligible shareholders the opportunity to subscribe for up to A$15,000 worth of new shares priced at A$0.20 each.

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