MEO meo australia limited

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  1. 2,041 Posts.
    adl -just to add to your great post, the thickness of the "deeps" that have just been discovered with "gas shows" present, is more than twice the pre-drill thickness of the "shallows".

    The closure of the "deeps" is also much larger than the "shallows", hence the likely GIIP can be expected to be larger, notwithstanding the uncertainty about gas saturations and productivity of any of the formations.

    I didn't buy on Friday, but I do agree, at this relative price risk:reward tradeoff is not too bad at all.
 
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