Bonaparte Gulf (WA-454-P, 100%) •Launched 1st November •Marina up to 302 Bcf* gas and 22 MMstb* oil (P10) •Breakwater up to 2.7 Tcf with 276 MMstb liquids (P10) North Sumatra (Seruway PSC, 100%) •Planned 1Q’2013 •Gurame follow up – pending outcome of current well •Multiple oil and gas prospects on Ibu Horst Vulcan Sub Basin (AC/P50 & 51, 100%) •Planned 2Q’2013 •Several significant leads being matured to prospect status
People seem to be loosing sight of what MEO is about which is exploration and at some point in time discovery. No wonder the Dr is having a break as he has seen it all before. Realistically 95% of post should have been moderated today as they offer nothing to the MEO forum.
Apart from the current drilling program 2013/2014 provide further opportunities of success/failure for MEO as indicated above.
The attachment below talks about how Shell Expects to Invest More Than $20 Billion in Gas by 2015. They are also very bullish on the future of gas.
My reason for investing in MEO is for the potential upside in the next 12 months. Not only based on the current drilling program but what they have in the pipeline as well. They have so much happening and only need one or two things to go right for them to see their share price escalate significantly. Looking forward to next week.
MEO Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
