If you go to Kar on their ann. on Poseidon 1 well. They mentioned 1:4 moderate risk.
This is 1:3 risk. I see this is better than Karoon's P1.
The difference was Kar has not put in wordings and MEO has put in wordings and investors catch these and feel uneasy.
Anything has a risk especially offshore drilling. Don't forget it is speccy stock.
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