"Following the drilling of Heron South-1 on 14th December 2012, Eni has 60 days in which to elect whether to commit to drilling a 2nd Heron well. This deadline currently expires on 12th February 2013. If Eni elects to drill a 2nd well on Heron, it will have 36 months (3 years) to complete the drilling. If Eni elects not to drill a 2nd well, MEO will regain 100% interest in the Heron gas discovery."
It is cuurrently 1.20pm on 12 Feb in Italy if that is any consulation....
ADL
MEO Price at posting:
8.9¢ Sentiment: LT Buy Disclosure: Held
