I don't understand how the results alter the prospects for the other NW shelf permits.
The drilling confirmed the accuracy of the 3d seismic information, the only problem was that it also confirmed what 3d can't identify - the small question of whether the "bright spots" were gas or not.
The problem might be getting Clive (or any one else) to cough up another lazy $50m for the next drill?
Oh well another one for the bottom drawer - which unfortunately now includes the 2nd bottom drawer as well lol.
MEO Price at posting:
9.4¢ Sentiment: LT Sell Disclosure: Held
