I was told by a geologist who is in this business for many years, that realistically there is only a 5% chance for Zeus-1 to strike gas with this first hole and confirm how much is there.
Zeus is different from Persues and Goodwyn where the gas is trapped under a kind of a huge "dome", which is absent in Zeus. He recons it would take MEO to drill several holes over 12 to 18 months to confirm what is actually down there.
I expect a somewhat luke warm results from this drilling - not a "Golden Nugget".
MEO Price at posting:
25.0¢ Sentiment: None Disclosure: Not Held