obviously we can all think of better announcements . . . however the important thing to keep in mind is that the objectives of this well are still attainable. The cores and wireline logs are already complete, this is already more data than H-2.
Getting a 199m section of 4 1/2" liner in a 8 1/2" hole should be peanuts, even at this depth and temperature and pressure environment.
importantly MEO will get at least 1 flow test over a much thicker section than H-2, and in all likelihood will still be able to flow test the lower section.
MEO Price at posting:
24.0¢ Sentiment: LT Buy Disclosure: Held