MEO 0.00% 0.0¢ meo australia limited

U summed it up well Spawk.Each field is different & the...

  1. Ya
    6,809 Posts.
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    U summed it up well Spawk.

    Each field is different & the signature deciphered from the seismic bright spots at Zeus are similar to Perseus, which is a stratigraphic trap with Legendre being the host reservoir.

    MEO has illustrated this on their presentations & for those who came in late, I've posted a lot of research on the Perseus wells b4 Z-1 was spudded. This has been discussed on numerous occasions, might b worthwhile looking at earlier posts for y'r answers.

    Sweet Crude, not sure why u'd ask me abt a contact on SV. No I dont.

    Having seen plenty of action in the oilpatch, I'd know the progress by reading the updates in the open domain & folks on this thread have shared the Cyclone info & news on Xtract PLC selling shares.

    Everyone here has shared something worthwhile & one can form their own opinion there-on. Try telling Clive Palmer this, he must b chewing his cigar furiously tonite onwards (i.e. if he smokes or a pack of Wrigleys will do).

    Bert, mate most geo's can b the ultimate optimist or the reverse. One needs to do the research first & interpretations etc from nearby wells & chances are always going 2b between 0 to 100%. Most companies spend millions nowadays on 3D seismic b4 picking a drill location, so yes there is logic involved & everyone has their own opinion.

    I would say 50:50, either they find gas or they dont. 5% is out of question. If u are new to the stk mkt, then use the stop loss function as not everyone can b online the whole day.

    No discovery is a success till u find it, but u need to know where to look for it first (seismics) & then its a question of how much is there (research) & how do we get it out (develoment).

    And most imp. the company has 2b cashed up for this.

    cheers
 
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