MAY 5.41% 7.0¢ melbana energy limited

While we are all concentrating on the Cuba drill and the pending...

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    While we are all concentrating on the Cuba drill and the pending results, here's one from
    left field.....
    Who remembers the Tassie Shoals Methanol concept that MEO (now MAY) was trying to get
    off the ground using the high CO2 content gas from Barossa-Caldita field?
    Well, the project could become relevant once again if the latest news is anything to go by.

    That gas field was bought by Korea's SK E&S and has been troubled ever since by the high CO2
    content.
    Today's news is that their bankers have put a hold on their financing.

    Korea Eximbank Puts on Hold Financial Support for Barossa Gas Field Project in Australia. - Businesskorea

    Guess who could help them with their fizzy gas!!

    https://www.melbana.com/site/projects/tassie-shoal-projects
 
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