The Artemis play is a huge structural/stratigraphic gas and condensate target located roughly half way between two of Australia?s largest LNG export projects ? Woodside?s North West Shelf and Chevron?s Wheatstone. If MEO and its partners connect the dots, the company will move into the major league rankings of the LNG-scale gas production game.
Only one drill and no Gas found. Very strange.
MEO?s participation in such a high-impact exploration play ? with up to 12 trillion cubic feet (Tcf) of gas ? is more remarkable because of the way that the company has minimised its financial downside.
Yeah... What a way....and indeed - Very very remarkable !
BUT the Company did not minimise the shareprise downside for the actually the true belivers in the company !!!
MEO Price at posting:
23.0¢ Sentiment: None Disclosure: Held