If we ignore the shallow gas shows, this is how things are looking, thus far:
4,059m - gas shows in reservoir quality sands were encountered
4,068.5m - 4,095.2m (26.7m core) taken over sandstone zone above the Elang Plover.
4,095.2 - 4,178m (82.8m) "Gas shows and elevated resistivity readings from the LWD tools have been recorded while drilling", in what looks to be the E&P reservoir.
By my account, this is potentially 119m of gross gas pay, with 87 - 300m of drilling to go, all depending on the GWC.
Not bad at all.
MEO Price at posting:
21.5¢ Sentiment: LT Buy Disclosure: Held
