MEO 0.00% 0.0¢ meo australia limited

heron south drill..

  1. 2,856 Posts.
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    Iam not sure if this is Relevant or Irelevant...When Meo Drilled Artemis it only Held 25% Interest.. The Well was Labelled as a Wild Cat Exploration Well and Meo New the "Chance of Failure was68%.but the COS of getting 39million from Petrobras was Done and Dusted before the Drill....Whats Interesting is that this Time Meo have Doubled their Interest 50% which therefore should double the COS..[64%]....Now Lets not Foeget that Artemis was Drilled TD 3500m..and the Largest RISK was the Complex nature of the Trap...My Point is if the COS for HS. is 64% before any Hole was Drilled than at this stage of Drilling to the Depth of over 4000m The COS would have to be In Excess of 90%... am i making any Sense?
 
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