MEO 0.00% 0.0¢ meo australia limited

you have got to be kidding me, page-4

  1. 2ic
    5,949 Posts.
    lightbulb Created with Sketch. 4964
    Agree totally.

    The real agenda is likely that:

    they are not sure at all a side-track in this position is good prob of success, would rather drill further to the side of Darwin dome at later date.

    This means that still concerned that Plover may be non-producing rather than just "blocked off by collapse"

    Also, by leaving the upside alive over the potentially huge Plover field untested, if the wildcat Blackwood is a duster they still have Heron upside remaining to get more money for another crack. If sidetrack of Heron is a duster then SP collapses with little chance to raise money on wildcat target at Blackwood.

    If Blackwood comes up then they can raise more money before testing Heron again at better share price.

    At least 3 months before any definitive results at Blackwood so I wonder who will be hanging around that long in this market at plus 20C?

    I hold and hurt too. Good luck


 
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