maple-2 update

Hammertime or FWIW's..

M#2 Td'd at 4150m & flw'd 30 MMcfd & 696 BCPD, in AC/RL7. Refer link below, frm last week.

Here's hoping that MEO-ENI get similar results at HS#1. Been a while, since H1 & H2 were drilled.

IMHO, expect MEO's SP to move in Late Sept when they get into the Plover sands.

For now expect a pre-spud rally, followed by update on good gas shows in the 'tight Carbonate reservoir', ie Epenarra around 3160m by my estimate (or a tad bit deeper) & then the real dealbreaker, Plover sands around the 4200m mark.

Plenty of time to top up or enter.

Here's PTTEP's media release below.

http://www.pttep.com/en/InvestorRelations_SETNotificationDetail.aspx?ContentID=900