From the "Half Year Finacial Report and Director's Report" on 25/02/2010
"New Venture Opportunities In anticipation of concluding a farm-out transaction on WA-360-P, during the half, MEO began to more actively pursue future growth opportunities to supplement the existing portfolio. The genre of opportunities being screened ranges from exploration acreage with potential for extension of proven play concepts that have not yet been applied in these permits, to lower risk appraisal opportunities with the potential to deliver positive cash flow within the near to medium term"
MEO Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held