MEO 0.00% 0.0¢ meo australia limited

price dropping ??, page-46

  1. 9 Posts.
    I was told by a geologist who is in this business for many years, that realistically there is only a 5% chance for Zeus-1 to strike gas with this first hole and confirm how much is there.

    Zeus is different from Persues and Goodwyn where the gas is trapped under a kind of a huge "dome", which is absent in Zeus. He recons it would take MEO to drill several holes over 12 to 18 months to confirm what is actually down there.

    I expect a somewhat luke warm results from this drilling - not a "Golden Nugget".



 
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