Crypto Crude
18-11-2010, 05:25 PM
The spudding of Artemis is fast approaching, early next week infact...
As a huge 12 TCF target with upside, any discovery will set baggers alight...
MEO 3 TCF
CUE 1.8 TCF
MOG 1.2 TCF
A 32% Gelogical chance of success makes this a reasonable bet when factoring in risk return...
in saying that,
Because of the huge current financial risks emphasised by the stocks running up means I am not tipping this as a current buy...
this thread will be a good page to link this highly anticipated well between our companies...
ASX & Media release
Artemis-1 progress report No. 2
Key Points:
At 06:00 hours (Perth time) on 17th November, rig had travelled 181.7 nm of the 646.7 nm journey (28.1%)
Expected arrival at Artemis-1 is late on Tuesday 23rd November depending on weather
MELBOURNE, AUSTRALIA (17th November, 2010)
MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that as at 06:00 hours (Perth time) on Wednesday 17th November, the Songa Venus semi-submersible drilling rig had been towed a distance of 181.7 nautical miles or 28.1% of the 646.7 nautical mile journey to the Artemis-1 location.
Assuming the average speed achieved on the journey to date is maintained, the rig is anticipated to arrive at the Artemis-1 location late on Tuesday 23rd November, however the actual tow speed achieved will be a function of the prevailing weather and sea state conditions.
Artemis-1 is anticipated to spud shortly after being anchored on location.
talk more soon...
:cool:
.^sc
As a huge 12 TCF target with upside, any discovery will set baggers alight...
MEO 3 TCF
CUE 1.8 TCF
MOG 1.2 TCF
A 32% Gelogical chance of success makes this a reasonable bet when factoring in risk return...
in saying that,
Because of the huge current financial risks emphasised by the stocks running up means I am not tipping this as a current buy...
this thread will be a good page to link this highly anticipated well between our companies...
ASX & Media release
Artemis-1 progress report No. 2
Key Points:
At 06:00 hours (Perth time) on 17th November, rig had travelled 181.7 nm of the 646.7 nm journey (28.1%)
Expected arrival at Artemis-1 is late on Tuesday 23rd November depending on weather
MELBOURNE, AUSTRALIA (17th November, 2010)
MEO Australia Limited (ASX: MEO; OTC: MEOAY) advises that as at 06:00 hours (Perth time) on Wednesday 17th November, the Songa Venus semi-submersible drilling rig had been towed a distance of 181.7 nautical miles or 28.1% of the 646.7 nautical mile journey to the Artemis-1 location.
Assuming the average speed achieved on the journey to date is maintained, the rig is anticipated to arrive at the Artemis-1 location late on Tuesday 23rd November, however the actual tow speed achieved will be a function of the prevailing weather and sea state conditions.
Artemis-1 is anticipated to spud shortly after being anchored on location.
talk more soon...
:cool:
.^sc