Should b an interesting few weeks ahead, given that after the 'farminee' is revealed, there should b some profit-taking, b4 the FIRB approval comes thro'.
Drilling is still scheduled in Q3 2010, as they want to avoid the cyclone season. Zeus-1 was drilled in Feb '08 & they had to evacuate & pay for rig costs + crew's accomodation on onshore.
MEO Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held