MEO 0.00% 0.0¢ meo australia limited

where to from here, page-18

  1. 3,444 Posts.
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    An MDT formation pressure and limited sampling program is proposed to confirm fluid content at the top of both sand intervals. In the event that gas is recovered from either of these intervals, the implication is that there may be substantial untested potential updip of the current well location. Following the pressure testing and sampling program, the well will be plugged and abandoned as planned. Present operation Preparing to run formation pressure and limited sampling program.

    So regardless it is P & A, but will they give us the details of the fluid content. Surely if gas is recovered they should let us know as it could have large implications to the current share price in my opinion.

    Not going to buy anymore for the moment, but will probably have to sit on my holdings and hope that at some stage this year they come close to my purchase price.
    cheers notthemama
 
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