MEO 0.00% 0.0¢ meo australia limited

production test

  1. 2,041 Posts.
    The first mention MEO made of a production test was AFTER they cored the 57/60m section.

    Once the wireline logs were run over the weekend and now interpreted, MEO must believe that it is a no-brainer to production test.

    They need to install a 7"-liner before they can perform the test, so a few days to go still. There is also a ~ $6-8m cost involved, so eni would need to make a formal decision.

    Whether you are a bear or a bull, an optimist or a pessimist, hopeful or bitter, the trading-halt announced is the best outcome.

    As far as I am concerned, even the contemplation of a production test, means that HC's are present, which is more than we have got to date from previous releases . . .

 
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