MEO 0.00% 0.0¢ meo australia limited

I think it's good they are drilling blackwood (right now) but...

  1. 323 Posts.
    I think it's good they are drilling blackwood (right now) but why have they gone with this wildcard when they could have moved to heron north? They seem to think there is gas there, seems strange to chase a new target whilst leaving a better opportunity on the backburner. There announcements seem to talk strong about heron 2 & heron north now all of a sudden this new well has been put on the map?
    I also read the joint venture is "considering" going to back to heron north at a later date!???
    I wish they didn't sit in limbo, they should find a target and stick with it, why must they start other projects and tell us how wonderful they are without finalising others.
    Has anyone rang the company asking questions like this?
    I have sent a few emails over the past few weeks to them but haven't got a reply. It's good to see they are trying to look after shareholders!

    MEO give us something....anything!

    Cheers,

    Twelve
 
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