Strong-Buy is the consensus with targets in the range of 36-60c.
HS-1 should be the first well in NT/P68 to demonstrate economically recoverable reserves. Combined with revised resource estimates, the contingent reserves MEO will book will be important for the larger brokers/instos to contemplate an investment.
A Gurame update would be good. I'm sure drilling is going to plan, but I want to read it. The market would be appeased also.
MEO Price at posting:
21.0¢ Sentiment: LT Buy Disclosure: Held