If this is being treated as a tight hole as I expect it might...

If this is being treated as a tight hole as I expect it might be.
MEO is not disclosing everything to market.Only what they have. Not what they expect from the Data they have received.......You cannot release an announcement on expectation.
Just the News that you have Mud Losses indicates Good Permeability. Add to that Wet Gas with 35% Overpressure, and they haven't begun Wire Line Logs.
The Log's will tell the story.
But based on the story so far, I will ride this one with a massive degree of optimisism for upside.
The announcement is a good one !
And it is price sensitive.