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While MEO may want to tie-up more land before issuing a NR, at some point the company’s ability to drill and produce all the tied-up plays will be more than it can handle.Piggy would be the label for such a strategy me thinks.
I have to agree with this statement,,,MEO needs to get wells #1-#5 completed and start putting something in the pipeline before buying all the land in sight,,,hopefully this would prevent them having to dilute the shares anymore,,,
