Horizontal appraisal drilling shows massive confidence in the play..
$14 mm is a massive amount to commit for 1 onshore well..
MEO will firstly be looking at 2 high impact vertical wells IMO ...
I Expect costs to be circa $ 5mm each...
I absolutely Love the Opex cost per barrel in this region..$ 9.40 ish...
Fast market..
Cuba is an absolute cash Cow for Sheritt...
As A 35 year upstream professional , I can see this will company make MEO..
Potential mid cap producer by 2Q 2018 IMO.
MEO Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held