i heard rex modelled the 3d nz data and rejected the chance to farm in which influenced meo's final decision.
the big deal is that rex is still considering drilling beehive based on just the 2d data which shows a natural seal above the clustered oil image on rex's modelling - rex supports meo's mean of 950 million barrels of oil. that said 3d is still likely but not to validate resource but rather to pin point drilling sweat spot.
news soon.
adl
MEO Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
