Not my no.'s, just a translation. There's a detailed table on the latest research report that gives those interesting set of numbers, worth chking that again. See the link below.
http://www.meoaustralia.com.au/content/Document/Octa%20Phillip%20MEO%20120803%20final%20report%208-8-12.pdf
What we need first, is a succesful result frm HS#1 drill, followed by other wells that ENI want to drill here & at B'Wood.
This should derisk the resource for the upside to their SP, as in, we know how much is there & this is how much we can recover (based on rock porosity & gas composition).
The nxt step will b taking the project to FID status & that's when MEO gets more cash bonus frm ENI. So, still a few hoops to go through. Just need the Plover sands to flow.
As Ort alluded earlier, worth revisiting David's preso frm 2011, where he talks abt tight porosity etc.
ENI have a plan for these 3 fields (ES, H & Bwd), so a lot is riding on the upcoming exploration wells.
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