Meridian Petroleum PLC : Onwards into 2007/2008

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mariannejane - Tue, 26 Dec 06 :

how anyone can describe mrp as low risk clearly is deluded.

on one hand yes it could be argued that mrp have some assets where there is very little political risk but when it comes to getting stuff out of the ground, being able to deliver on time and keep to promises mrp is high risk. they have an array of assets (problematic) and since floatation all they have is 10% nri in victory. they have a ceo who could not manage a pissup in a brewery. they have sod all p2 reserves.

no question mrp is high risk.


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