It basically says the champagne is in the fridge but not yet popper. Its goes over the MEO announcement and adds that the pressurised gas zone ' neither proves nor disproves the presence of gas in the well's target'. It says because of the gas zone drilling will have to proceed slowly and that Baillieu thinks final results may not be known for 2 weeks. Its then says that Arty is capabale of hosting around 12Tcf which is enough to underpin a LNG project. Finished with stating that MEO, MOG & CUE all posted big gains yesterday.
MEO Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held
