gurame gurame gurame, page-16

ADL

You may not get that chance tmrw...based on previous Gurame ann. we may have commenced prod testing over the weekend, perhaps another TH first thing

Since Wed morning, they were prep to run logs over a 180m section...that was gas saturated..they will then plug back to 2961m and prod test the 185m zone from 2776m-2961m (Baong sands)

I reckon the logs are done and the section plugged back...preps to prod test either underway or commenced by tmrw mrn

and to Shrewd Crude...

perhaps you'd better go back to school and learn some things....or take the time to read and understand something before you make rash comments and predictions

Gurame has a target of 500bcf and 24mmbls condesate

100% owned thus far

it equates to 85mmboe

im not going to go through other ASX listed companies who have oil reserves less than the above amount with MC in excess of 200m, but it will easily underpin the current SP

its the potential of the block that gives MEO the most uplift from here...potentially multi tcf in a proven block and basin

no doubt the JV partner will re-imb 40m+, carry a well at ibu horst with option for langsa as well, all for only 50 or 60% interest

so long term view is that MEO could very well discover net 2tcf on this block alone, with that40-50m cash buffer back in the accounts to scout the next project

at Heron we were looking at 25% of 5tcf...less than the potential at Gurame

if it flows well, MEO will shoot north, thats a certainty