i don't know if the upper reservoir will flow or not, but please keep it real re the "uninformed market" quote.
I refer you to the MEO trading halt asx release dated 18 Dec 2009. This trading halt was about the very positive news of Petrobas farming into Artemis-1. Funny enough, this December 2009 asx release, now some 3 years young, uses the exact same MEO trading halt template used for the last two trading halts(i.e. the same "uninformed market" justification).
a bit inappropriate/inconsistent corporate/asx governance to call a TH for production testing of one zone (regardless of the outcome) and not the other zone (regardless of the outcome)...
might be positive might be negative. I would have thought ENI would be throwing the kitchen sink at the second reservoir, which is safely behind the 7 inch liner.
MEO Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held