i agree with your logic but a TH just for 'go' / 'no go' decision is not standard practice - nen/eni vietnamese current drilling suggests the same.
so meo are either:
a)in damage control as meo have been advised by eni informally that no prod testing will be undertaken and meo have played the 'awaiting formal advice card' to go into a TH to control shares being dumped as the cat gets out of the bag;
or
b)b2 wire logs are v positive, and a monster gas zone has been unearthed via 57m core plus the additional 145m (which includes 3m non-recovered from coring...) and MEO want to use the pending formal decision by ENI to launch a fire cracker under the SP).
adl
MEO Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held