under pressure and dropping away, page-107

I wonder if MEO is upping the stakes and selection is getting close.

Everything I see is WPL is looking. I dont know if they are looking at MEO.

Bob

Artemis 3D seismic increases prospect potential


Offshore staff

MELBOURNE, Australia -- New 3D seismic data along with new biostratigraphic age dating has resulted in the interpretation of a thicker Jurassic reservoir in the Artemis prospect offshore Australia, according to MEO Australia.

As a result of the data, the company has increased the P50 gas-in-place estimate to 20.3 tcf for the Calypso and Legendre reservoirs. Applying a 60% recovery factor yields an estimated P50 undiscovered gas resource of approximately 12 tcf, the company says.

MEO is assessing prospective farm-in partners to secure funding in order to trigger the permit’s year-five well obligation by Dec. 31.

10/13/2009