Then I remind myself this is the Spawn of MEO and it has well over a decade of not living up to expectations so the market is within its rights to be sceptical. However markets are forward looking as someone mentioned recently it won’t take long for a re-rate if the resource is confirmed.
I think everyone needs to prepare for the possibility that they drill to the end of U1 and complete the well.
If U1 is huge there’s no point drilling down to N and Alameda zones imo. Waste of time and risk to the well, Thoughts?
Alameda Prospect Brief Review - value, risk, RF, follow-up etc, page-26
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