I sure hope you are right SunSeeker & fubar,

However.....news reports no longer impress me with this bunch.

In our personal lives we may do things for family, friends or even perfect strangers with no expectation of compensation. But in business, it is futile to expend effort or money without being adequately rewarded.

Adequate reward in business is called Revenue. Operations must be skillfully managed so that Revenue exceeds cost and consequently Profit is generated. Profit is either:

1. Distributed to shareholders and they benefit from this Income

OR

2. Re-invested to grow the company and make it more valuable in which case shareholders benefit from an increase in the value of their shares i.e. Net Worth.

What has MEO management done for your Income or Net Worth as a shareholder ?

All the hype about elephants, Petrojet mumbo jumbo, this gas interval or that oil reservoir etc. ad nauseum are all just details of passing interest.

Where the rubber meets the road is this:

When management FAILS to perform the function of increasing shareholder value by generating either Income or Net Worth they have FAILED in their job and shareholders have a right to petition the Board or Directors and Regulatory bodies for mangement to be replaced.

This I believe !

Best of Luck.