MEO 0.00% 0.0¢ meo australia limited

what reason do you need?

  1. 2,041 Posts.
    A quick msg from Santiago.

    15cps CASH.

    free carried for up to 3wells in the biggest O&G prospect being drilled in Aust this year.

    Upon success at 360P instant payment of another US$31.5m to MEO.

    Existing resources at Heron/Blackwood in the 1.5 - 5+ Tcf range worth $100m - $500m+ to MEO.

    Upside in NT/P68 with Blackwood East and Heron West, + development pathway.

    IN SUMMARY
    Fully funded O&G company with Petrobras as partner drilling monster targets this year and next, with a cap of $225m!

    Cash and NT/P68 justify current valuation, and oH great Artemis, if MEO even report gas-shows here, we will be talking about the share price as >$1.

    Risk reward? Go with the momentum. JH is indeed right. The planets are aligning for MEO.
 
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