iam, page-17

A couple of comments from Baillieu's

Discovery of gas-charged reservoir means that the drilling process will slow down, due to safety, exploration methodology and well management issues, so therefore the bottom of the Legendre Formation could still be up to two weeks away.
? Baillieu's pre-drill price target for MEO was 75 cents per share. Subject to further drilling confirming the presence of good quality gas reservoir in either of the Calypso and Legendre (or both), this target should be achievable