MEO 0.00% 0.0¢ meo australia limited

anticlimax?

  1. 7,052 Posts.
    lightbulb Created with Sketch. 206
    Lets say MEO farmout to a mid/large cap
    They get back costs, 2:1 on first well, and 1.4:1 on optional followup.

    Will that justify MEO's sp going higher ?
    I note the market cap is already $230mil at 55cps

    I think you'd need near term drilling to drive it higher.
    JV has until Jan 2011 to drill a well under current permit license.
 
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