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03/10/10
11:46
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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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