as per MEO statement post A-1, Heron farm-out announcement due Mar/Apr - this was further supported by MEO quarterly stating MEO priority to negotiate Heron terms by 31 Mar...
perhaps all this accumulation (on good volume/large orders - another 10m in total last fri with a high of 24.5c) is being undertaken by those in the know (e.g. baillieu, CS) re likely heron partner and indicative terms/cash payment for previous work?
Therefore, Heron partner/terms could be announced as early as next month so the coming weeks/month may see some sustained rise in the SP.
I am hoping the partner is Petrobas (and that this was the MEO game plan all along) - Petrobas would see the SP increase significantly as it would show a long-term/strategic investment (A-2??)by Petrobas in the region (with MEO as the preferred partner)!!
Thoughts?
MEO Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
