exactly hassko, you cant really blame management... you can blame the drill bit, and the fact that it was a high risk well to start with... It has been very interesting reading these sorts of threads over the last year... some people should not be investing here... I dont claim to know it all, but who really does when we have to try and decipher a market release and read between the lines... I mean those drilling reports can be worded any which way they wanted it to read... As far as im concerned no news is bad news---> secondary target... Because of high risk drilling Ive steered away from it (on big positions), and instead find oil stocks with good fundamentals and throw in a big target well for free... ie a well that is downside as protected as I can find it...
others im sure understood the risks of Zeus... theres no harm in having a little gamble... hey even I had a sneaky peaky at CTP awhile back... hehehehe...
MEO did a great job in attracting a JV partner at the time... and getting RDI to fund a big porportion of Zeus... what more can you ask for...
MEO Price at posting:
9.4¢ Sentiment: None Disclosure: Not Held