My take of today's delays is positive. I feel MEO is trying to provide more detailed update may be about the test / core results. If they had any major issues with the drilling they would have announced by now as per ASX disclosure rules. I’m not sure if the report needs to be reviewed by external consultants before it gets released if there is any info on the gas readings. Worst case scenario there may be slight delays……but it is better to be late and never!
Fingers crossed, we may have double great news soon about heron & Seruway.
MEO Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held