Dr Daz - Seems like your are already "on the turps" already from your intemperate response to my post. I did not appreciate your "clown" comment at all. It says more about you than it does about me! An old and hackneyed expression but it still stands up.
I would love MEO to be testing the 57 MM barrels of oil in their Gurame well, but they are NOT.
Gurame is testing the two gas caps NOT the underlying oil zones. To actually test the oil legs, another well will be required. I do understand that valuable reservoir information will be gathered in the reservoir sands which will tell a lot about the reservoir potential in the oil legs below, particularly if cored.
But I just do not understand the commercial justification of going after gas rather than oil.
I would rather see a flow of oil rather than gas from this well. This would do a lot more for the company's share price (for those of you that are interested).
MEO have said that the well will cost US$25 million to drill without testing, but that testing is considered likely. I have not seen an estimate of how much extra testing will cost.
MEO Price at posting:
21.5¢ Sentiment: None Disclosure: Not Held
