Just to confirm es drilling plan states mar to may commencenement but eni, as operator for es, just need rig confirmation to lock in spud date. If ensco 109 then spud date will align nicely with nt/p69 3 x well campaign.
Continued thin trading volumes and accumulation by t20 only bodes well for a recoil in sp, imho, supported in the near term by seruway divestment cash flow, 454 farm out and massive volume increase for blackwood.
Adl
MEO Price at posting:
7.2¢ Sentiment: LT Buy Disclosure: Held