MEO 0.00% 0.0¢ meo australia limited

production test, page-3

  1. 1,073 Posts.
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    hi daz

    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

 
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