Less than 2 weeks to go on ENI decisions. Drill another Heron...

Less than 2 weeks to go on ENI decisions.

Drill another Heron well or dump Heron?

Take another 25% of Blackwood or stay at 50%.

From MEO report on Heron 2
"The low flow rates observed during production testing indicates low primary reservoir permeability and the absence of secondary permeability (due to natural fractures) at the well location. MEO’s technical assessment predicts the possibility of natural fracturing at several locations in the Greater Heron structure which may provide the potential for areas of improved reservoir productivity.

"Our focus will move to the integration of the well results to remap and update the resource assessment. There is clearly a significant in-place gas resource at Heron. The key question to be addressed in the review is whether the reservoir is capable of higher productivity anywhere on the structure.”

Not forgetting that Heron 1 south did flow gas @ 6mmcf to surface.

Or do we get another deferment.

Could be some really interesting " happenings" , as well,at AGM presentation. on 30th.

Cheers IFINO