interesting, comments?My following post is more applicable to...

interesting, comments?


My following post is more applicable to MEO/MOG with regard to buy early sell before spud gains (BESBS), but I reckon it will get ignored/shouted down on those threads.

I note in todays GOC preso that the post A#1 well analysis will run over 1H 2011, which implies any followup well wont be drilled until 2H 2011.

MEO have previously stated A#1 will not be production tested.
Hence the A#1 probe well only costs around USD40mil compared to a contingent followup well budgeted at ~USD60mil.

Therefore, I'd expect modest besbs gains ahead of A#1 given we wont get a production test, wireline logs could be inconclusive and take some months to analyse, and any followup well will not occur until 2H 2011.

Comments ?