100mill gas deposit found off coast of darwin, page-7

BB

P&A basically over-compensated the word "Discovery" in the ann'mnt.

Will b interesting to hear what the actual discovery size would be once the lab results come out. The pore pressure, porosity et al adds more towards the future plans MEO have as to how easy or difficult would it b to get the gas to surface.

Most short term holders would feel the pinch as the company never intended to test this well, so if u one expecting flow results then u've got more reason 2b disappointed. Even if the results were published, it would have been a quick flight north & then back south b'coz to get that amount of gas to the market its ain't gonna happen in 3 months, it could b part of one of those nearby giant gas-fields. Gorogon & the others didnt happen overnite, it take some time to get them up & onwards.

Who knows what MEO have found could set them up for the long term holders.

With the DOW up 416 pts who knows where this may go. With the lab report due in the future, that should b something to look forward.

Cheers