re: ann: regulatory approval for south madura

People can be as negative as they like about past events and past dusters but all you can do in this industry is position yourself correctly to take advantage of future oportunities. Meo have done this.

MEO have $60 million plus cash
They are 2 months away from spudding a prospective 5tcf well with a major in Eni
Eni are looking for a major LNG project which MEO have.
Good management

Future looks bright and has the capacity to be an elephant over the coming 12 months which makes
my tummy feel all nice and warm.