The first hole has spuded. That's right... the first hole! Many...

The first hole has spuded. That's right... the first hole! Many to come. The big difference with MMR and MEO is that MEO had all its eggs in one basket.
Even if the gas shows are limited, or if there is none at all, there are still more holes to come.
But I'll tell ya something for free... if there is gas then God only knows what the rest of the holes will find.
I'm going to guess here, BUT, the talk of overseas companies trying to get a stake in PEP11 may reduce the other companies holdings down a bit. If true, this would be massive insider-trading, but its the only reason I can think for the sell down on all the companies involved.
My two bob's worth....

E.