Agree it doesnt add up today.......
30% of 180 barrels priced at $40usd per barrel......is not gunna fly......
If just if.......in 6mths we end up with 100% of 180 barrels at $60usd per barrel and drilling nearby for around 10million barrels of oil all for a couple of million....
Based on ..
Everybody suggests that the curren POO cant not be sustained medium term with all the geopolitical issues in the OPEC countries....
Shannon is suggested to be similar to the nearby oil field which produced 22million barrels.....
Kea is Kaput....and NZ wont transfer the kupa prospects if the company goes under...
Drilling on land is very cheap in todays market.....
Dyor
MEO Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
