From MEO's AGM presentation:"Insufficient lead-time to procure...

From MEO's AGM presentation:

"Insufficient lead-time to procure supplies to sidetrack
Heron-2, second well to target Plover sands at Blackwood"

So, they are saying that the amount of time it would take to:

A1: get supplies for a sidetrack drill
What supplies don't they already have?
Why don't they have them in the first place?!

+
A2: Drill about 2000m to repenetrate Heron North
(going through Epenarra again, on the way down).

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>>>Is GREATER than the amount of time that it will take to:>>>
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B1: Disengage the Atlas rig from Heron-2

+
B2: Move the rig to the Blackwoood WILDCAT

+
B3: Spud Blackwoood

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B4: Then drill 3350m (about 1000m more than the sidetrack) to where they HOPE is a gas deposit.

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I can understand why MEO would try to sell this. I just don't understand why anybody would buy it.

For god's sake people, they're admitting that:

C1: They have more confidence in a total wildcat than in Heron.

C2: They might not know how to place or penetrate concrete liners

C3: They don't know how to plan a drilling campaign that accounts for the possibility of a side-track.