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Meridian Petroleum PLC : Onwards into 2007/2008

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yellow_snow - Wed, 20 Dec 06 :


Not entirely in agreement Unionhall, my concern doesn't stretch to thinking it will impact the future performance of the company in a major way, i.e. I still see it as a compelling buy, just the management factor becomes less positive. Overall I see it as very positive, similar to TMC where the risk is political but the potential outstanding. The very idea of using someone to act as a conduit to a message board is bizarre, but whatever about the process the content is certainly of concern. The company has done very well to keep costs down but one negative from this has been the less than professional approach to PR. With the expected expansion of the company and the bolstering of the board its about time a more level-headed approach was applied rather than the shooting from the hip style so far.


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