MEO 0.00% 0.0¢ meo australia limited

is support comming for other reasons

  1. 3,559 Posts.
    Given that one would have expected a leak from the rig by now and yet there seems to be no real direction in the SP.

    Is it possible that the support for MEO is because of other reasons other than finding gas ?

    Like what?

    Like they have a new farm in partner (possible)
    Like they will be going back imediately to Heron2(unlikely)

    Any thoughts?

    Is the support simply because investors see .25 - .29 as a fair price for MEO even without any gas at Blackwood.

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