MEO 0.00% 0.0¢ meo australia limited

quarterly reports, page-13

  1. 1,132 Posts.
    Anal66,
    I look forward to hearing more from you down the track.
    I totally agree with your comments below.
    Some hard questions need to be asked, gas should have flown from Gurame, the technical team failed big time here. In fact I bet a few smaller O&G geos are giggling away to themselves at the moment. They may have just had to much big boy experience with the big wells.

    "The senior members were recruited (most relatively recently)from the majors with little or no small company experience. This might have influenced their technical approach and judgement to the (unsuccessful) farmout and ultimately failure of the well.
    How you could drill a well in field with six previous wells and come up dry is beyond me. Questions should be asked as to MEO's exploration strategy at Gurame, particularly targeting the gas legs and not the oil."
 
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