the long road back, page-10

Hi Adl -

And a Happy New Year to all long suffering Meomites and I truly hope that all Meo management team found a quiet moment over the festive season to view the Agm presentation and wonder if they might do things a little differently in the future..........

Adl - I admire your positivity which I am admittedly lacking after the recent shellacking.......but I am unsure about your reference to mid -jan re Quarterly Reports? If one looks at the Meo website even thought they cannot find gas they can deliver Q reports on schedule.....since 5 years they regularly appear on the 31st of Dec....


I am following recent discussions with interest re TS and Sunrise in particular and the overall emerging picture in the region as pertaining to Meo but the newfound cynic in Ort , maybe cynic is too strong but realist is certainly on the money, says this.........if TS is really the trump card and Meo can be snaffled up for next to nothing.......or at least maintain the shell to avoid the paperwork...then why no takers....ATM.

Agreed, Meo have a future, but the credibility issue will not evaporate without some genuine effort.....not spin.....not waffle....they need to openly communicate with shareholders why they chose to go Gurame alone and just how this technical assessment was then proven to be wrong! This would be a good place to admit either stuffing up or foolishly deviating from their farmout model and trashing shareholder value.......or they will appear arrogant and far too cocky.......a lesson that should have been learned on the road to Artemis.....

I have researched and followed Meo to the best of my ability.....I have met with and been privy to detailed conversations with JH and other members of the Meo management and technical team. I repeat, I do not hold them responsible for Mother Nature not playing ball, but I am still mightily peed off for the false sense of security and confidence that was displayed at the Agm........ultimately if they were as highly professional as I thought them to be then they wouldn't have

A - risked Gurame if there was so much to loose

B - neglected to cover the potential downside of this costly adventure....sailing very close to the breeze getting funds on board at the last minute to cover production costs for example.......

So let's see the books and examine the figures but for me personally the damage is more to the issue of trust and reputations .....if JH wants to suggest that Xmas is coming early for Meo shareholders then poof.....gone....how is one to trust the assertations at the 2011 Agm that Ts wil have it's day in the sun....?

Trust.....as a mate had in his shop many years ago...in God we trust, all other pay cash

Still digesting the Meo lesson - hope yet!

Cheers Ort