100mill gas deposit found off coast of darwin, page-8

yowom

I have not seen this posted and 9 days old is hardley non relevant.

Factored into the share price? Personally I dont agree. But I believe 10 big falls on the DOW recently was factored into the share price.

With the DOW rebounding back up 416 points over night, I assume you're kicking yourself for not buying yesterday.

There is still time..MEO sometimes takes a few days for news to sink in and minds to click.

MEO long term..well I put the value right up there.

Short term...I think we have some big jumps coming.

If you are in doubt my friend..you should ring MEO and get your questions answered...will cost you 30 cents.

Also...who said anything about production.

Its time to size up what they have found.

See the article below...will give some good info for you.

MEO's Timor Sea Blackwood wildcat finds gas sands

Rick Wilkinson
OGJ Correspondent

MELBOURNE, Mar. 7 -- MEO Australia Ltd., Melbourne, has encountered a 98-m gross gas-saturated sand interval in its Blackwood-1 wildcat in the Timor Sea.

This exceeds by far the anticipated most-likely predrill estimate of 57 m. However the significance has still to be proved in a production test.

The Blackwood gas appears to have low carbon dioxide content.

This success will relieve some of the disappointment of the company's earlier program at Heron-2, which also found gas but failed to flow commercial volumes to surface.

Blackwood, like Heron, lies within the large Epenarra structure, which is a broad, low-relief anticline with a mapped closure of 1,200 sq km. The contingent gas resource of Epenarra is said to be about 6 tcf.

If Blackwood flows at commercial rates, it could revive MEO's plans for an artificial island with an LNG and methanol plant planned for nearby shallow water at Tassie Shoals 300 km north of Darwin, for which environmental approval has already been obtained.

http://www.ogj.com/display_article/322393/120/ARTCL/none/ExplD/1/MEO's-Timor-Sea-Blackwood-wildcat-finds-gas-sands/