the market values a company based on what it's expected future value will be discounted for risk and opportunity cost (time value of money).
the future of MEO with:
- eni doing its thing at NT/P68
- TS implications
- MEO drilling at 100% at Gurame
- 454P farmout underway
-Ibu Horst and Vulcan farmout to commence early next year
- Sale of Carnarvon leases?
is getting better by the day.
A successful Heron flow test, let alone two at HS-1 plus the prospect of condensate should beyond any doubt position MEO as a serious company. Flow test means contingent reserves with a development partner and platform (TS) in hand. This is what the instos love to see.
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