Spoke to company to ask a few quetions on Blackwood and Heron.
In summary this is what they said Heron analyis is extremly positive and they believe strobgly that the gas is there. Mentioned that first well Heron one found gas and that the log data strongly suggests it is gas saturated.
Blackwood - analysis by the experts, but on news so far they are very confident that this has big potential
also mentioned that have finished shooting the seismic over Zeus and likely target to be similar to neighbouring persius 10-12 tcf - expect an ann on this one soon
He mentioned that the size of these fields are extremly large and if any progressed to commercialisation then we will have significant value. Mentioned farm out is being considered to fund future activities and to prevent dilution.
very upbeat about the results to date, and it seesm next bit of news will be in relation to Zues.
MEO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
