Do U remember...?
Do U remember.....the reason the share price was 88cents......
Do U remember all the farmouts......the cash the Meo got through Farm Outs..
Do U remember most of the drilling was Not paid for by Meo...
Do U think that 488 and 454 are progressing to 100% fully carried...
Do U think the AC prospects are progressing...
Did U notice that the POO is pushing all Oil/Gas explorers share price down for the past 6mths...
Some will go into Administration due to No Cash...No Farmouts....No carry..No drilling.
Meo has lots of cash to keep on keepin on..keeping on...two confirmed farmouts and maybe a few more by end April..
Its not all Doom and Gloom for Meo..its just harder to get farmouts and carry....because nobody is spending..
Its not impossible...
The Market will rerate Meo on good news.....
Dyor
MEO Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
