The sooner we go into a trading halt the better...
The weekly drilling news flow via ENI has been on time and very detailed. This clearly suggests ENI are happy to share HS1 drilling data with MEO in a timely and transparent manner - as should be the case with any professional JV relationship. I am pretty sure MEO would have our lead tech on board ensco throughout the drill. What I am alluding to is that we may well get a trading halt tomorrow or first thing Monday with MEO's intention being to flag to the market (and all thos non- believers and fence sitters) that HS1 has significant gas readings of say 50 + meters but as the drill still has another 300+ meters before TD please stay tuned for further updates and flow test results.
In the meantime we sit and wait.
trading halt soon?
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