MEO 0.00% 0.0¢ meo australia limited

thurs 11th, page-13

  1. 2,041 Posts.
    MEO get the daily report (as of 6:00am WST.) from E109 (via Eni), then interpret it, and then draft a suitable announcement. Sometime mid-afternoon seems like a reasonable timeframe.

    I expect to tell us the status of the coring, and the forward plan, drill/core some more. If we are lucky, MEO may indicate how things compare to pre-drill expectations, particularly if the permeabilities are better than expected.

    In contrast, ENI are providing a macro level presentation on their global upstream activities. I expect Eni to discuss their Timor Sea strategy, confirm that they plan to drill two more wells (B-2 and ESN-1) in the next 3-9 months, just as they did at SEAAOC, and MAY mention that their current well in the Heron structure is looking good. I don't expect ENI to get into the specifics at this point about HS-1.
 
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