what have we factored in 10c sp of meo so far?, page-15

Hi TevezFC
I wish you a happy holiday. I envy you. I think MEO will fund your holidays. Don't worry. 16th July is far far away. we may be close to $1 that time.(:_)))

RONSTIEB,

Do you think PBR will drill only one well and leave it? No, I don't think so. It is not working like that for those major O&G companies. Only the small companies have one shot to go. Number of drilled wells increase the COS (chance of success) over GCOS. So those majors drill multiple wells to those high GCOS prospects. You may know about KAR & COP. They drilled 3 wells on Poseidon without a definite success. I belive PBR too will drill at least 3 wells. So they will spend that $250m on Artemis.