The problem is, a production test is essential in defining what MEO is all about. Will the drilling encounter hydrocarbons? Sure they will, and that will cause a sp blip, however the absolute key to wealth creation on MEO is PRODUCIBILITY of hydrocarbons. Undertsand that key point, any mug can find gas/oil, however the key is in identifing robust formations that can flow, that can PRODUCE at sustainable economic rates in a test phase sufficient to give confidence of long term producibility upon which to base a substantial development investment.
Not doing a production is avoiding the required truth.
Caveat emptor. (& please excuse spelling)
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
