What the announcement didnt say...
The Poo has made small field uneconomic to produce...the expense is greater than the profit...
Puka 3 continued the incompetence of Meo Techo staff/ KEA staff...
New Zealand is a kuputa...and no further drilling going to happen.till the POO doubles..
Mosman staff are more Dumb than Meo staff are.....they drilled 3 wells and no flows even after one year...
At least Meo did not wait twelve months to test there wells....Mosman has...
The Mosman takeover is a case of Dumb being takein over by Dumber....?
Meo will be better off to just pay admin expenses and be patient....$10million is a lot of money and much better than POO.
Dyor
Ann: Puka Production Shut in, page-2
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