If you gave away 40% of your assets when you don't have to, then a bad decision was made.

No conciliatory philisophy games can turn 60% back into 100%. That's like me telling you to give me 40% of your MEO shares, and be happy, because you still have 60% of your original investment.

To whine away about how 35% is better than 50% of nothing implies that without Blackrock's money MEO would have no assets of value. What foolish chatter.

JB#2 is a boomer of a well, with both huge amounts of gas - take a look at the flair from the test, and Copper Ridge oil. Since they drilled underbalanced, and stated in NR's that they were continually monitoring the samples and returns, they KNEW then that JB#2 was an elephant.

Any other public company would have put the well on production ASAP, release the results, raise more money and drill more wells. MEO has kept a lid on things, found a source of endless cash, and sold/given 40% of our assets away for chump change.

How amazing indeed it is that BC got BR to "pony up the money".

Was Bill Cawcker the best one to be running the company, since we can't go back and rerun it, we'll never know. We'll just have to wait for results to come.

What a wonderful day it will truely be, when we have the long awaited results.