MAY - Melbana Energy

The recent development of the bullish ascending triangle pattern is a reflection of the recent bullish sentiments expressed by the company in its lastest announcements. A speccy to watch.

Re: MEO - Methanol Australia

MEO is absolutely flying at the moment. Up over 12% yesterday.

I wonder if this has something to do with the recommendation from the Australian Small Cap Investigator?

Anyone got any thoughts?

Re: MEO - Methanol Australia

Most likely the Data room extension for a farm in or out hope its not a pump and dump, just remember last day for data room is August 14th so abit of time yet bedore the goods news. Good luck all.

This share has risen 157% in 7 weeks looks good to me DYOR please.

Re: MEO - Methanol Australia

MEO posted ASX ANN today
23/07/2009 Investor Update July 2009
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00970759

Originally Posted by Trader Paul
Posted 21062009

Hi folks,

MEO ... lifted off its recent lows on Friday, with good supporting
volume ..... as requested, here’s our astroanalysis, over coming months:

12-15062009 ..... minor and positive cycle

19-22062009 ..... minor time cycle

26-29062009 ..... a very positive spotlight on MEO

06-07072009 ..... significant and positive news expected here.

10-13072009 ..... minor cycle

20-21072009 ..... 3 minor and positive time cycles in play
-- the MEO SP has increased significantly over past week
-- MEO is up 9 cents today to $0.445
-- 22 million shares traded at 10:55 AM
-- WOW

29072009 ..... minor cycle

06-07082009 ..... 2 significant time cycles, should also bring
some positive news, as well.

28-31082009 ..... minor and positive spotlight on MEO

01092009 ..... significant and negative time cycle ... finance-related ???

05092009 ..... short and aggressive rally expected here.

07092009 ..... significant and negative news expected here.

25-28092009 ..... minor and positive cycle ... finance-related ... ???

29-30092009 ..... negative spotlight on MEO

14102009 ..... significant and negative news expected here.

20102009 ..... another significant and negative time cycle

29-30102009 ..... 2 time cycles and positive spotlight on MEO

02112009 ..... significant an positive news expected here

13112009 ..... another positive cycle ... finance-related ... ???

20112009 ..... minor cycle

27-30112009 ... minor cycle

07122009 ..... minor cycle

10122009 ..... significant and negative news expected ... ???

28-31122009 ..... 2cycles to bring a negative spotlight onto MEO.

Re: MEO - Methanol Australia

Another massive jump today! I got in on Tuesday and i'm up around 35% in two days! I'm surprised this one hasnt received an ASX speeding ticket!

Re: MEO - Methanol Australia

formed a pennant of sorts, usually represent a brief pause after a big quick move, has now broken out on strong Vol, should continue in the same direction.


Cheers

Re: MEO - Methanol Australia

The MEO share price is excellent today currently at 57 cents with high of 58.5 cents at 2:03 PM

Volume is 42 million

No sopeeding ticket issued yet!!

Trader Paul forecasts:- 2 significant time cycles, should also bring some positive news, as well

Originally Posted by Trader Paul
Posted 21062009

Hi folks,

MEO ... lifted off its recent lows on Friday, with good supporting
volume ..... as requested, here’s our astroanalysis, over coming months:

12-15062009 ..... minor and positive cycle

19-22062009 ..... minor time cycle

26-29062009 ..... a very positive spotlight on MEO

06-07072009 ..... significant and positive news expected here.

10-13072009 ..... minor cycle

20-21072009 ..... 3 minor and positive time cycles in play
-- the MEO SP has increased significantly over past week

29072009 ..... minor cycle

06-07082009 ..... 2 significant time cycles, should also bring
some positive news, as well.

28-31082009 ..... minor and positive spotlight on MEO

01092009 ..... significant and negative time cycle ... finance-related ???

05092009 ..... short and aggressive rally expected here.

07092009 ..... significant and negative news expected here.

25-28092009 ..... minor and positive cycle ... finance-related ... ???

29-30092009 ..... negative spotlight on MEO

14102009 ..... significant and negative news expected here.

20102009 ..... another significant and negative time cycle

29-30102009 ..... 2 time cycles and positive spotlight on MEO

02112009 ..... significant an positive news expected here

13112009 ..... another positive cycle ... finance-related ... ???

20112009 ..... minor cycle

27-30112009 ... minor cycle

07122009 ..... minor cycle

10122009 ..... significant and negative news expected ... ???

28-31122009 ..... 2cycles to bring a negative spotlight onto MEO.

Re: MEO - Methanol Australia

MEO 0.49 +0.025 +5.38% high of 0.495 6,299,893 shares $3,059,960 @ 07-Aug 10:33:04 AM

Perhaps the recent increased level of activity in MEO can be related to the SMH article reported today!!!
Date....... Close Volume
06-Aug-09 0.465 26,783,237
05-Aug-09 0.455 27,006,467
04-Aug-09 0.485 55,835,165
03-Aug-09 0.570 54,152,587
31-Jul-09 0.450 18,804,302
30-Jul-09 0.415 4,758,778
29-Jul-09 0.420 8,393,133
28-Jul-09 0.420 10,740,717
27-Jul-09 0.435 17,012,385
24-Jul-09 0.405 45,978,737
23-Jul-09 0.420 43,868,078
22-Jul-09 0.355 31,080,529
21-Jul-09 0.315 20,250,745
20-Jul-09 0.285 11,069,602
17-Jul-09 0.250 2,052,151


http://business.smh.com.au/business...d-in-kirin-details-20090806-ebhb.html?page=-1

XCHANGE
August 7, 2009

MEO in the middle

The race between Woodside Petroleum and Chevron for control of third-party gas for their respective Pluto-2 and Wheatstone liquefied natural gas projects has proven a boon for the relative tiddler MEO Australia.

MEO owns 70 per cent of the WA-360P permit, where its Artemis prospect is about the same distance from Woodside's Pluto processing plant as the Pluto gas field itself and is believed to be an extension of the Greater Wheatstone structure.

There is the potential for 9.5 trillion cubic feet of gas at Artemis, which would be enough for at least two LNG trains.

MEO has sought to farm out a 50 per cent stake in its permit in return for the recovery of $US8 million of costs to date and the funding of its share of a $US30 million exploration well and two more appraisal wells if gas is struck at the first well.

That is the minimum ask in the sales process being run in-house by MEO with help from some outside legal advisers, but it may take more to win the race in light of the hot competition to date. The data room closes on August 14, with 12 big oil companies already having passed through. The winner will be chosen by the end of next month.

MEO would presumably prefer to commercialise the gas as soon as possible. But the first well is not expected to be completed until October next year, which would be later than Woodside would prefer if it was to provide gas for a second train at Pluto.

Nevertheless, Goldman Sachs JBWere said the MEO farm-in would provide "an attractive risk/reward opportunity" for Woodside.

Woodside and Chevron have been talking to Apache and Hess about buying third-party gas, but no deal has been reached.

GSJBW said Woodside might relax its demands in the coming weeks because the deadline to roll over the construction crew from the first train at Pluto was approaching rapidly.

MEO shares closed 1c higher at 46.5c yesterday, compared with 25c in mid-July.

Re: MEO - Methanol Australia

Volatile much? In the past 10 days MEO has gone up 50%, down 30% and back up close to 8% at present. Hanging out for an ann atm.

Re: MEO - Methanol Australia

ASX ANN
14-08-2009 09:39 AM MEO East Artemis pre-drill resource estimate upgraded
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00977433

Key Points:
Previously published gas-in-place estimates of 9.5 Tcf (within WA-360-P) materially upgraded

Mean gas-in-place for Calypso sands estimated at 10.8 Tcf (6.4 Tcf @ 60% Recovery Factor)

Mean gas-in-place for Legendre sands estimated at 9.5 Tcf (5.6 Tcf @ 60% Recovery Factor)

New biostratigraphic data from Zeus-1 indicates increased reservoir thickness

Newly acquired Artemis 3D seismic data indicates increased areal extent of Artemis prospect

WA-360-P data room closing to new entrants 5pm EST, August 14th 2009, indicative offers expected by 31st August and farm-out expected to be concluded by 30th September


MEO Australia Limited (ASX: MEO) advises that updated seismic interpretation and pre-drill resource estimates based on the Artemis 3D seismic data received early July, have now been sent to the 20 parties that remain in the WA-360-P farmout process. The data room closes to new entrants at 5pm today (Melbourne time). MEO has requested indicative offers from these parties by 31st August and remains confident that a transaction will be concluded by 30th September.

The market today has not got excited about the ANN!!!
MEO 0.555 0.000 0.00% high of 0.58 low of 0.55 8,679,668 shares $4,916,123 @ 14-Aug 10:55:05 AM

798

Re: MEO - Methanol Australia

bigdog said:

The market today has not got excited about the ANN!!!

Click to expand...

I think a lot of punters would have been scared away by the 68% chance of it failing. I also think a lot of people have realised that the main ann will be 8-9 weeks away and have decided to bail until closer to the date.

Based on MEO's numbers, that's just chucked another ~$600m on to the saleable qty. Funny though isn't it, better than 80% more recoverable gas identified and the SP wipes off 5-6%.

Re: MEO - Methanol Australia

Waiting for another month on a Farm in Partner who could be drilling before the year is out...
I prefer to wait until early next year so they make sure they dont make any mistakes in the lead up to Artemis drill...

Re: MEO - Methanol Australia

http://www.energycurrent.com/index.php?id=3&storyid=20153

MEO selects TORP technology for Timor Sea project
8/21/2009 7:20:08 PM GMT

HOUSTON: MEO Australia Ltd. has selected TORP LNG's HiLoad technology as its preferred method for loading of the liquefied natural gas (LNG) carriers for its proposed Timor Sea LNG project.

The HiLoad unit will be employed with a single point mooring system, providing higher load out availability compared with a conventional jetty system. The HiLoad technology avoids close vessel approaches and the use of tugs.

The TORP HiLoad LNG loading system locates against the side of the LNG vessel at the normal loading point and loads via conventional articulated arms, so standard LNG carriers can be used. While the system has yet to be used for LNG, it is planned for several other projects and is expected to be utilized before a final investment decision (FID) is reached for MEO's proposed project.

The Timor Sea LNG project involves a 3-million-tonne (3.3-million-ton) per year LNG module on a self installing platform, a conventional steel LNG tank with concrete secondary containment on a concrete gravity based structure and an LNG loadout system.

Environmental Approvals for this project have been secured as an extension to MEO's proposed Tassie Shoal methanol project, which involves the installation of two 1.75-million-tonne (1.9-million-ton) per annum methanol plants on concrete GBS's to process high carbon dioxide content gas in the region.

These gas processing projects will be located on Tassie Shoal, in the shallow waters offshore Australia's Northern Territory. The projects constitute a gas processing hub, which will lower the economic threshold for development of about 25 Tcf of undeveloped gas in the region.

Re: MEO - Methanol Australia

MEO SP up 2.5 cents to close at 58.5 cents

01/09/2009 WA-360-P Farm-out Progress Report
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00984093

ASX AND MEDIA RELEASE
WA-360-P Farm-out Progress Report

Key Points:• Timeframe for submission of indicative offers has now closed
• Process to complete binding transaction by 30th September remains on track

MELBOURNE, AUSTRALIA (September 1st, 2009) - MEO advises that the period in which to submit indicative offers to farm-in to the Company’s WA-360-P permit has now closed. Indicative offers are being evaluated ahead of entering into further negotiations aimed at reaching a binding agreement. The Company remains on track to complete a farm-in transaction by 30th September as previously advised.

Re: MEO - Methanol Australia

I put MEO on my watch list baseline 14 weeks ago @ 14c its up 367.9% since then can you believe i dont hold any DAH......alot of after hours buys today with no ANN but with that much buying plus SP up next day or so could suggest its about to release info on Farm Out.

This is the one to watch id say.

As always DYOR

Re: MEO - Methanol Australia

pops11 said:

Ialot of after hours buys today with no ANN but with that much buying plus SP up next day or so could suggest its about to release info on Farm Out.

This is the one to watch id say.

As always DYOR

Click to expand...

Spot on pops;
1,009,345 shares $ 661,121 during the normal close!
-- then again total volume for the day was 27,234,196 shares

watch MEO

Today: 08-Sep-2009
Time…….. Price Volume Value
16:10:44 0.655 29,159 19,099
16:10:44 0.655 30,000 19,650
16:10:44 0.655 10,000 6,550
16:10:44 0.655 60,000 39,300
16:10:44 0.655 36,000 23,580
16:10:44 0.655 15,000 9,825
16:10:44 0.655 20,000 13,100
16:10:44 0.655 45,454 29,772
16:10:44 0.655 7,432 4,868
16:10:44 0.655 4,568 2,992
16:10:44 0.655 6,000 3,930
16:10:44 0.655 5,000 3,275
16:10:44 0.655 20,000 13,100
16:10:44 0.655 36,932 24,190
16:10:44 0.655 23,068 15,110
16:10:44 0.655 6,932 4,540
16:10:44 0.655 7,800 5,109
16:10:44 0.655 5,000 3,275
16:10:44 0.655 100,000 65,500
16:10:44 0.655 80,268 52,576
16:10:44 0.655 69,732 45,674
16:10:44 0.655 100,000 65,500
16:10:44 0.655 40,000 26,200
16:10:44 0.655 25,000 16,375
16:10:44 0.655 5,000 3,275
16:10:44 0.655 10,268 6,726
16:10:44 0.655 4,000 2,620
16:10:44 0.655 800 524
16:10:44 0.655 4,932 3,230
16:10:44 0.655 20,000 13,100
16:10:44 0.655 15,000 9,825
16:10:44 0.655 25,000 16,375
16:10:44 0.655 60,000 39,300
16:10:44 0.655 25,068 16,420
16:10:44 0.655 932 610
16:10:44 0.655 20,000 13,100
16:10:44 0.655 5,000 3,275
16:10:44 0.655 6,068 3,975
16:10:44 0.655 3,900 2,555
16:10:44 0.655 20,000 13,100
16:10:44 0.655 32 21
-----------------------------------
15:59:59 0.655 981 643

Re: MEO - Methanol Australia

Only one way the SP to go if the farm out is successful and with a big partner.

All indications are positive so far and news is just round the corner...

If you believe some of the valuations flying around (I've heard say 1.17 risked for Artemis alone) then its a no brainer as long as you get in before the announcement.

As always DYOR esp when companies issue valuations lol

Re: MEO - Methanol Australia

IMO, significant news is atleast a week away, more likely 2-3 weeks. Beware MEO tomorrow, historically it will rally early after a strong day then go through a big sell down. 65c was a big milestone today, maybe it'll get into 68c in the morning before finding support ~60c.

Stuffed if I know

Re: MEO - Methanol Australia

ANN due by 30th September and yes 2-3 weeks is right but it could be anytime i will take on board the price rise and drop tho, good luck to holders i myself will be in next week as i feel a retrace is on the cards as some holders might get nervous.

Re: MEO - Methanol Australia

We must be due for another update from Trader Paul for MEO!!!!

Originally Posted by Trader Paul
Posted 21062009

Hi folks,

12-15062009 ..... minor and positive cycle

19-22062009 ..... minor time cycle

26-29062009 ..... a very positive spotlight on MEO

06-07072009 ..... significant and positive news expected here.

10-13072009 ..... minor cycle

20-21072009 ..... 3 minor and positive time cycles in play
-- the MEO SP has increased significantly over past week

29072009 ..... minor cycle

06-07082009 ..... 2 significant time cycles, should also bring
some positive news, as well.

28-31082009 ..... minor and positive spotlight on MEO

01092009 ..... significant and negative time cycle ... finance-related ???

05092009 ..... short and aggressive rally expected here.

07092009 ..... significant and negative news expected here.

25-28092009 ..... minor and positive cycle ... finance-related ... ???

29-30092009 ..... negative spotlight on MEO

14102009 ..... significant and negative news expected here.

20102009 ..... another significant and negative time cycle

29-30102009 ..... 2 time cycles and positive spotlight on MEO

02112009 ..... significant an positive news expected here

13112009 ..... another positive cycle ... finance-related ... ???

20112009 ..... minor cycle

27-30112009 ... minor cycle

07122009 ..... minor cycle

10122009 ..... significant and negative news expected ... ???

28-31122009 ..... 2cycles to bring a negative spotlight onto MEO.