gas in the elang-plover, gas in sandstone abov, page-92

Analyst 66,

You are right. I realise now that the Gurame 1 targets the crest (highest chance of finding hydrocarbon) and from the sketch it is gas/condensate that MEO hope to find. For this I need to research more but I guess you can feel free to call them. Drilling into gas/condensate doesn't mean they will produce it first. The oil is still there for future discovery with appraisal/step out drilling from the sketch it looks. To be honest, I can't tell what the management is really thinking but just from my own point of view. After failures, MEO needs successful wells now whether is it oil or gas.

The first sand was cored in the HS1 well was done so by observations. In their reports, they never call it Elang/Plover. I don't know what it is but it said the core chip (broken from the core they just drill) indicate it is sand. I mentioned that top of formation depth has high uncertainty through interpretation of seismic and correlation of wells that drill kms away (H2) or never intersected in the same structure (H1). As they don't know what depth it is to core until they drill, when the observations indicate so they will core. I don't rule out they know it is not Elang/Plover but as it is sand with gas show and high resistivity reading they core. Alternatively, they may drill all through to gas water contact then take side wall cores but having drilling core is much better. ENI pay for the well, the more core the better for MEO.

The weekly drilling report is sufficient. If they need to stuff up, they will give us gas reading, interval of gas show.. I believe it is not necessarily. I would be interested with what they see from core, gas kick, wireline logs, MDT particularly and flow test as they are more certain related to gas flow and reservoir quality. Look like they will TD early next week. If flow test is warranted, it could be weekend or next week.