Rubbish,
MEO did not want to be Operator, Fact. They are not positioned for it.
TAG is a great fit for this play ,with them being operator producing from adjacent blocks into in place downs stream infrastructure, this will be a fast play IMO certainly see Shannon drilled with in 9-12 months and Puka bought back on tap and into the line as well with hopefully a higher rate ESP..... I believe the crude quality in this area is pegged at Brent pricing and believe its circa $ 40- 45 to be commercially viable, a pretty optimum outcome actually.
I see a lot of green shoots for MEO, a lot of things just starting to play out...
MEO Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
