It is undoubtedly great news that AEL has taken a cornerstone position on MEO's register. A well credentialed fund with significant resources is very welcome on the register.
But lets not allow the associated background noise distract us from what the main game is. Last night on a different thread, Ya and myself outlined what we expect to unfold at Heron, and it is quite exciting.
But the big news today is confirmation that MEO will production test Gurame.
If you go back to my earlier posts, including the top of this thread, it is quite clear that Gurame had success written all over it. Compare it to the news outlined today.
"Logging results coupled with gas shows while drilling indicates the Baong sands are gas saturated. Image logs show the Baong sands to be finely laminated with significant fracturing. A dual packer MDT was run which confirmed the reservoir has matrix permeability."
The below sentence in today's announcement is the key, the gas in place will flow.
"A dual packer MDT was run which confirmed the reservoir has matrix permeability."
Now to go back to answer the question that is the title of this thread, the answer appears to be a resounding YES.
Add to My Watchlist
What is My Watchlist?