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EXPLORATION

MEO surges on massive Cuban potential

IT has become clear why MEO Australia has been sidelining its more traditional Australian interests in favour of Cuba, with the company this morning announcing that after less than a year of technical work it has identified the potential for billions of barrels of oil, causing its shares to surge 160% this morning.

Haydn Black
MEO surges on massive Cuban potential

MEO secured Block 9 last September and has now defined three oil plays, with the Lower Sheet play having the potential for 8.183Bbbl of oil-in-place with a prospective resource of 395 million barrels (best...

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