A few interesting observation from this new presentation:
Nothing on WA 360/361 post Ananke which may/or may not provide an insight into MEO's view on prospectivity. On slide 21 WA 360/361 were not listed as near term farmout candidates either.
I could be reading to much into it, as there was also nothing on Tassie Shoal either. It will be interesting to see how this plays out.
On Gurame I really liked the additional illustrations showing the proposed location of the Gurame SE-1X well. People seem to be upset that MEO aren't targeting the oil legs...but far out.. MEO are targeting a gas cap with a P50 expectation of 500bcf. 500bcf is A LOT of gas at a 100% ownership level, close to shore.
MEO Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
