Hi All,Obviously, FIRB approval is important, however, the most...

Hi All,

Obviously, FIRB approval is important, however, the most important issue facing MEO is the drill date. Based on my research I am totally convinced that drill date is mid September. I believe one of the main reasons why Petrobras agreed to keep MEO as an Operator is for this reason. Drill date would have been too tight if FIRB was to take 3 months whilst Petrobras is an active operator. MEO had to be in control. Why in control? Bcs of drill date. We will drill mid September. No doubt.

I have total faith in MEO management. They are aware that the most important period (all time) for MEO is June/July. I can just imagine Jurgen and his team including Colin discussing which announcement to make which date.

Announcements could be as follows;

1./ Drill date ( can't forever wait for FIRB approval)
2./ FIRB approval
3./ Explanation to ASX why share price shoot up so quickly so high (wishfull thinking by me)
4./ New Ventures and bargains picked up by MEO

DYOR