This goes back to an earlier discussion. Just what will MEO's share be after they drill the "up to three potential wells" (JB#3-#5) mentioned in the 03/05 NR? They are working on Southeast Ventures' land right now but MEO also owns (contiguous?) land in the area. I would guess that they bought that land with something profitable in mind.
I wonder what MEO's% could be in the next round. Right now the MEO share looks like this (if I recall correctly):
JB#1-100%
JB#2-55%
JB$#3-35%
JB#4-35%
JB#5-35%?
Still good numbers. The next good numbers should be in the share price. That's why I brought as little more today.
- Panamax