While you have that O and G for Dummies Manual out Ortstock could you please explain how they estimate a resource size without gas water contact. I understand it may not matter as MEO estimates of 5TCF was based on a LCC of 4325 sub sea whilst I think Heron South possibly still had gas shows at 4454 RT. I say it may not matter because ENI's investment decision was based of 5 TCF and anything past that is a bonus so thats box #1 ticked. Box #2 is porosity, permabilty of which the core sample tests should of already told them this, box #2 ticked. Box #3 is CO2 and flow rates, if that gets a tick here comes another 2 wells.
MEO Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held