wild ride or beggining of cruel rollercoaster, page-8

Prosper,

The problem with mum and dad investors is they do not understand what they have invested in with MEO, or any offshore exploration company for that matter. The CR during A1 was, unfortunately for them, a hard lesson in company priorities.

MEOs (or any company)priorities are not the short term investor. The short termers, day traders and BESBS types do not help SP stability. MEO is a far stronger company after the A1 CR and yes, the SP will probably not run hard during the Heron drill...........not a problem if you invest in the company for longer than the drill.


So why didn't MEO drill Heron first before the other permits? Because they didn't have to, and had other work commitments that required drills, namely Z1 and A1. The other reason is that a HUGE amount of work goes into preparation prior to drilling a well, and as a well can cost up to 80 million you don't want to be rushing unless you need too.

As it turned out, the A1 drill, even though unsuccessful allowed MEO to have 100m in the bank. So I think despite the Z1 and A1 failures, which is not at all uncommon in the exploration game, management are doing a pretty good job at building a company.