MEO

One empty hole and the share price tumbled nearly 60%. And then MMR fell in sympathy. Luckily my MEO parcel is small. But my MMR parcel is big. In a fortnight's time, I will know whether MMR is just hot air or hydrocarbon. If it is dense with hydrocarbon, I am going to celebrate in a big way. If it is pure hype, I will continue with anaesthesia for a while!

Investing is about risk. You calculate that with a overpressured zone that there will be hydrocarbon.... but there was nothing at the target! Still there are other holes for MEO to drill and we will wait and see.