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scoe00

489 Posts.

19

07/07/16

11:35

Post #: 18213972
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Originally posted by Omega66 ↑

Well done MEO management and exploration team!!! A fantastic result to announce in the face of a depressed market in the face of a volley of nay-sayers and down-rampers who seem to expect success at every turn. This is O&G exploration and it's highly risky. You have identified a seemingly great play here.

There are several upsides: Massive resource estimates, shallow onshore wells, a ready market, close to low cost O&G service company expertise. I expect they will be lining up to jump into a farm-in deal.

While we smile cautiously at your current announcement, I can't help thinking it will be different this time and MEO can finally turn the Company into a well deserved successful venture.

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any thoughts on potential drilling partners in this pocket of the globe?

MEO Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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