its not over yet for artemis

even though MEO have taken artemis off their projects list on their website, i dont think its over just yet

with approx 19 days of drilling and a few further days of lgging, its looking as though the well may only cost about 30m for PBR

i think they will drill a second well. this is small change for pbr, and they are desparate to land success in Australia.

They will extensively review the data, along with the highly experienced DM and EJ, they will determine the reasons, evaluate the new and current data, look closer at the gas pocket that was intercepted, and IMO, they will, from here, decide to go and have one more look on this permit.

after all, pbr have invested a lot already, its prob worth a little bit more just to make sure, its possible the gas has migrated further along wa-360, maybe into 361, so dont give up just yet

with all the gas that surrounds these permits, it would be silly to chuck it all in now, i can tell you, pbr will still be very hungry, and keen to go again

and, even if they decide not too, meo's e.v is a mere 25m, it cant go too much lower anyway.

investing in meo today, imo, will lead to future gain