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 . . .
MEO Price at posting:
6.1¢ Sentiment: LT Buy Disclosure: Held