marktc, k1111,I would have to agree with stocktoe on this one,...

marktc, k1111,

I would have to agree with stocktoe on this one, I'm by no means an expert but a drill of this nature can itself cost around $20M and this would be just the first stage of a very big capex program.

It would be hard to have a capital raising on such a risky venture. They definitely need a farm in partner and the bigger they are the better. Woodside really need the gas for their planned trains so if they did come on board then hopefully this will translate to a good deal for MEO, maybe even more than 1 drill and a few more sweeteners thrown in.