I agree. We have down hole info, and a plan to production test the Elang/Plover formation. Still we have the risk of successful execution of the side track, plover penetration, and production testing. And remember too, that the Darwin formation [50% of the estimated reserves is waiting to be production tested above] after Elang & Plover. Elang/Plover 5.5 TCF and Darwin 5.6 TCF. So the key piece of info for the Heron 2 is still unknown. Within a week or two we should see significant movement in the SP one way or the other.
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held